50/mt higher than the CIF Mediterranean cargoes HSFO
regional benchmark, the widest spread since October 23.
This leads to the forecast of price differences between LSFO and HSFO
Recent data shows the price of HSFO
has been lower than the price of LNG.
93 MT to Bangladesh, consisting of gas oil, mogas, and HSFO
A major part of the refineries' output is used in Kuwaiti power generation, a sector burning HSFO
If there was any impact from countries running their utilities on fuel oil, traders said it would be seen in the "High/Low", a differential between HSFO
and 1 per cent low sulphur fuel oil.
57% * For convenience of calculations, the conversion factors for HSFO
and LSFO has been assumed as same.
Imports from Singapore include fuel oil, Inco duel, HOMC, avtur, gas oil, HSFO
, IDO and DPK.
5 billion and on top of that the price differential on LSFO, HSFO
amounting to Rs3 billion.
Output: High sulphur fuel oil from the refineries is used mainly in the power sector.
and Hydraulic Study Field Organisation HSFO
Japanese refiners had cut their imports of Kuwait's heavy-grade crude oil due to a decline in the nation's demand for HSFO
, one of the main fuels used to generate thermal power.