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Live Updates  >  Live Update Details

2025-10-28 18:39:11

[Asian Fuel Oil Market Under Pressure, High-Sulfur Fuel Oil Discount Widens Again] ⑴ High-sulfur fuel oil spot discounts widened to over $1 per ton, with the near-month contract discount deepening, reflecting ample short-term supply. ⑵ Fuel oil arrivals in Asia exceeded 5.3 million tons this month, with Middle Eastern exports recovering significantly after peaking in summer demand, creating supply pressure. ⑶ Low-sulfur fuel oil, after a brief rebound, returned to discount, but crack spreads remained at a premium of over $6 per barrel, significantly better than the $3.25 per barrel discount for high-sulfur fuel oil. ⑷ Indian refiners issued a rare tender for imported transport fuel due to operational issues. Simultaneously, Russian oil purchases have stalled amid sanctions, leading to adjustments in the regional supply and demand structure.

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