AIRLINK 61.98 Decreased By ▼ -0.50 (-0.8%)
BOP 5.33 Decreased By ▼ -0.03 (-0.56%)
CNERGY 4.46 Decreased By ▼ -0.12 (-2.62%)
DFML 15.34 Decreased By ▼ -0.16 (-1.03%)
DGKC 65.01 Decreased By ▼ -1.39 (-2.09%)
FCCL 17.15 Decreased By ▼ -0.44 (-2.5%)
FFBL 27.50 Decreased By ▼ -0.20 (-0.72%)
FFL 9.30 Increased By ▲ 0.03 (0.32%)
GGL 10.02 Decreased By ▼ -0.04 (-0.4%)
HBL 104.95 Decreased By ▼ -0.75 (-0.71%)
HUBC 121.10 Decreased By ▼ -1.20 (-0.98%)
HUMNL 6.50 Decreased By ▼ -0.10 (-1.52%)
KEL 4.42 Decreased By ▼ -0.08 (-1.78%)
KOSM 4.47 Decreased By ▼ -0.01 (-0.22%)
MLCF 35.36 Decreased By ▼ -0.84 (-2.32%)
OGDC 122.25 Decreased By ▼ -0.67 (-0.55%)
PAEL 22.65 Decreased By ▼ -0.35 (-1.52%)
PIAA 31.54 Increased By ▲ 2.20 (7.5%)
PIBTL 5.77 Decreased By ▼ -0.03 (-0.52%)
PPL 106.67 Decreased By ▼ -0.83 (-0.77%)
PRL 27.07 Decreased By ▼ -0.18 (-0.66%)
PTC 18.25 Increased By ▲ 0.18 (1%)
SEARL 52.35 Decreased By ▼ -0.65 (-1.23%)
SNGP 62.73 Decreased By ▼ -0.48 (-0.76%)
SSGC 10.55 Decreased By ▼ -0.25 (-2.31%)
TELE 9.04 Decreased By ▼ -0.16 (-1.74%)
TPLP 11.40 Decreased By ▼ -0.04 (-0.35%)
TRG 69.95 Decreased By ▼ -0.91 (-1.28%)
UNITY 23.51 Decreased By ▼ -0.11 (-0.47%)
WTL 1.27 Decreased By ▼ -0.01 (-0.78%)
BR100 6,917 Decreased By -26.4 (-0.38%)
BR30 22,637 Decreased By -190.1 (-0.83%)
KSE100 66,846 Decreased By -296.5 (-0.44%)
KSE30 22,014 Decreased By -75.8 (-0.34%)

SINGAPORE: Spot cash differentials in Asia’s fuel oil market dipped on Thursday amid competitive offers, while landed inventories at Singapore rose slightly from the previous week.

The 0.5% VLSFO cash differential eased to a premium of $8.98 a tonne to Singapore quotes, while the 380-cst HSFO cash differential dipped to a premium of 96 cents a tonne.

Meanwhile, the 180-cst cash differential remained in discounts to Singapore quotes since the start of this year.

Singapore saw an increase in weekly fuel oil net imports for the third straight week amid steady supplies flowing to Asia.

Onshore fuel oil stocks rose by 2% to 21.33 million barrels (3.36 million tonnes) in the week ended Jan. 4, Enterprise Singapore data showed.

The slight up-tick came amid a gain in weekly net imports, which increased by 3% to 658,000 tonnes. Oil prices rebounded on Thursday amid dollar weakness and as investors emerged to buy dips after two sessions of steep losses, though economic concerns capped recovery.

Abu Dhabi National Oil Company (ADNOC) said on Thursday it would allocate $15 billion to decarbonisation projects by 2030.

China’s liquefied natural gas demand is forecast to recover in 2023 as the country emerges from COVID-19 controls to become the bright spot in Asia’s consumption for the super-chilled fuel.

Comments

Comments are closed.