NewsSignals AI analysis·Reuters·Nov 3, 2026

HSFO premiums plummet as spot offers retreat

Grade Bbearish AI signal$HSFO$BRENT

Asia's high-sulphur fuel oil market suffered a sharp selloff on Tuesday, with Singapore 380-cst HSFO cash premiums plunging to $32.65 per metric ton from $49.18 the previous day. The December 380-cst HSFO crack fell to approximately $4 per barrel from $7, while elevated incoming supplies and additional Indian cargo offers added to market pressure. Continued supply inflows and weaker spot demand could prolong downward pressure on HSFO premiums and refining margins.

Bullish strength: 20/100

Ongoing Middle East tensions and high freight rates could constrain potential arbitrage arrivals.
Geopolitical risks continue to threaten broader energy supply security.

Bearish strength: 80/100

Singapore 380-cst HSFO cash premiums dropped from $49.18 to $32.65 per metric ton.
The December HSFO crack declined from approximately $7 to $4 per barrel.
High incoming supply volumes added pressure to the regional market.
India's HPCL offered additional HSFO cargoes for November loading.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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