Energy Price Monitor
Fuel Oil
Fuel Oil Price Chart | Historical and Forecast
Fuel Oil
Fuel Oil
Fuel Oil
C9 – C70
No. 1; No. 2; No. 3; No. 4; No. 5; and No. 6.
Fuel Oil is used mainly as ship/truck/car/train fuel; industrial solvent; in house and industrial heat generation; and electricity generation.
acetylene; C4-stream; ethylene; gasoline; high-boiling aliphatic solvents; naphthenic acid; n-paraffins(C14-C18); propylene; and pyrolysis tar.

About Fuel Oil. Fuel Oil is an organic compound, a mixture of hydrocarbons. It is a highly viscous liquid, with yellowish to black color, insoluble in water and most organic solvents. Fuel Oil is a general classification of petroleum fraction (obtained either as a distillate or as a residue) that is used worldwide in an engine for power generation or is burned in a furnace for heat generation. For this matter, a wide variety of compounds can be categorized as Fuel Oil, diesel is one of those.

Fuel Oil is composed mainly of long-chain alkanes, aromatics, and cycloalkanes. It can be categorized into 6 types, from number 1 to 6. The heavier Fuel Oils (4-6) are largely by-products of the refining process, so their specification can vary greatly. Being a by-product does not mean it has few or no uses; all types of fuel oil indeed are produced and employed in bulk quantities for different uses.

Fuel Oil can be commercialized in the spot market, in which the commodity can be purchased for immediate delivery. Spot prices, unlike contract prices, depend on commodity availability – the lower the availability, the higher will be the commodity price. This trade type is vulnerable to disruptions like plant closures, natural disasters, or supply shortages, which can significantly impact them. Conversely, lower demand and increased producer inventories tend to drive spot prices down.

Fuel Oil Handling. Fuel Oil transportation varies by country and quantity. Lighter Fuel Oils can be transported via pipelines. Inland it is carried by rail cars (landmass transportation, usually in DOT-11 cars, holding 34,500 US gallons) and trucks (land transportation, ranging from 400 to 7,500 US gallons). Worldwide Fuel Oil is shipped by fleets of oil tankers.

Fuel Oil Uses. Fuel Oil is used mainly as ship/truck/car/train fuel; industrial solvent; in house and industrial heat generation; and electricity generation.

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<p><b>About Fuel Oil.</b> Fuel Oil is a general classification of petroleum fraction (obtained either as a distillate or as a residue) that is mainly used in house and industrial heat generation; and electricity generation. Fuel oil can be categorized into 6 types, from number 1 through 6. All types of fuel oil indeed are produced and employed in large quantities worldwide, for different uses.</p><p>Transportation of Fuel Oil depends on the quantity and the distance. Lighter fuel oils can be transported via pipelines. Inland it is carried by rail cars and trucks. Worldwide fuel oil is shipped by fleets of oil tankers. Therefore, the cost of transportation can vary depending on the distance and other logistical factors. In addition, the price of fuel oil is also influenced by a range of factors, including the global demand for crude oil, refinery production capacity, and environmental regulations.</p><p>In this context, having access to reliable price data is crucial in a wide range of situations, such as studies on logistics costs, development of feasibility studies, screening and assessing investment options.</p>
Data Type: chem-pricing
Prices
Intratec provides Fuel Oil prices in several countries, as follows:

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Monitor Fuel Oil prices in 33 strategic countries. Also check Fuel Oil price history since 2007 and forecasts. Subscribe now to Intratec Energy Price References and gain access to current prices of 13 key energy commodities, including Fuel Oil.

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Data Legend. The chart shows Fuel Oil prices in United States, in USA Dollar per metric ton (USD/mt), as follows:

  • Fuel Oil, exp, US (United States): Fuel Oil (heavy), export spot price, fob, US Gulf
  • Fuel Oil, exp, BR (Brazil): Fuel Oil, export transaction price, fob, Brazil
  • Fuel Oil, exp, CO (Colombia): Fuel Oil, export transaction price, fob, Colombia
  • Fuel Oil, exp, CA (Canada): Fuel Oil (heavy), export spot price, fob, Canada
  • Fuel Oil, exp, CL (Chile): Fuel Oil (heavy), export spot price, fob, Chile
  • Fuel Oil, exp, MX (Mexico): Fuel Oil (heavy), export spot price, fob, Mexico
  • Fuel Oil, exp, DE (Germany): Fuel Oil (heavy), export spot price, fob, Germany
  • Fuel Oil, ret, BE (Belgium): Fuel Oil (heavy), retail, Belgium
  • Fuel Oil, imp, BE (Belgium): Fuel Oil (heavy), import spot price, cif, Belgium
  • Fuel Oil, exp, NL (Netherlands): Fuel Oil (heavy), export spot price, fob, Netherlands
  • Fuel Oil, exp, GB (United Kingdom): Fuel Oil, export transaction price, fob, United Kingdom
  • Fuel Oil, exp, FI (Finland): Fuel Oil, export transaction price, fob, Finland
  • Fuel Oil, ret, FR (France): Fuel Oil (heavy), retail, France
  • Fuel Oil, exp, FR (France): Fuel Oil, export transaction price, fob, France
  • Fuel Oil, imp, NO (Norway): Fuel Oil (heavy), import spot price, cif, Norway
  • Fuel Oil, ret, SE (Sweden): Fuel Oil (heavy), retail, Sweden
  • Fuel Oil, exp, SE (Sweden): Fuel Oil (heavy), export spot price, fob, Sweden
  • Fuel Oil, exp, CZ (Czech Republic): Fuel Oil (heavy), export spot price, fob, Czech Republic
  • Fuel Oil, exp, HU (Hungary): Fuel Oil (heavy), export spot price, fob, Hungary
  • Fuel Oil, ret, HU (Hungary): Fuel Oil (heavy), retail, Hungary
  • Fuel Oil, ret, IT (Italy): Fuel Oil (heavy), retail, Italy
  • Fuel Oil, imp, IT (Italy): Fuel Oil (heavy), import spot price, cif, Italy
  • Fuel Oil, ret, PL (Poland): Fuel Oil (heavy), retail, Poland
  • Fuel Oil, exp, PL (Poland): Fuel Oil (heavy), export spot price, fob, Poland
  • Fuel Oil, ret, ES (Spain): Fuel Oil (heavy), retail, Spain
  • Fuel Oil, exp, ES (Spain): Fuel Oil (heavy), export spot price, fob, Spain
  • Fuel Oil, exp, SG (Singapore): Fuel Oil (intermediate), export spot price, fob, Singapore
  • Fuel Oil, exp, ID (Indonesia): Fuel Oil, export transaction price, fob, Indonesia
  • Fuel Oil, exp, TH (Thailand): Fuel Oil, export transaction price, fob, Thailand
  • Fuel Oil, exp, IN (India): Fuel Oil (intermediate), export transaction price, fob, India
  • Fuel Oil, imp, PH (Philippines): Fuel Oil (intermediate), import spot price, cif, Philippines
  • Fuel Oil, imp, AU (Australia): Fuel Oil (intermediate), import spot price, cfr, Australia
  • Fuel Oil, dom, CN (China): Fuel Oil (intermediate), domestic spot price, exw, China
  • Fuel Oil, exp, JP (Japan): Fuel Oil (heavy), export transaction price, fob, Japan
  • Fuel Oil, exp, RU (Russia): Fuel Oil (heavy), export spot price, fob, Russia
  • Fuel Oil, imp, KR (South Korea): Fuel Oil (intermediate), import spot price, cif, South Korea
  • Fuel Oil, exp, TW (Taiwan): Fuel Oil (intermediate), export spot price, fob, Taiwan
  • Fuel Oil, exp, SA (Saudi Arabia): Fuel Oil (intermediate), export spot price, fob, Arab Gulf
  • Fuel Oil, exp, ZA (South Africa): Fuel Oil (intermediate), export spot price, fob, South Africa
  • Fuel Oil, imp, TR (Turkey): Fuel Oil (heavy), import spot price, cif, Turkey

Data Use. Fuel Oil prices are provided as an annual subscription where subscribers have access to trustworthy and independent pricing data of 13 key energy commodities in 33 strategic countries worldwide. To better understand data provided by Intratec Energy Price References, check: Price Assessment Basis , Methodology , User Guide and Glossary .

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Fuel Oil Price Outlook. The Fuel Oil price in United States increased during March 2019 to 427 USD per metric ton, which represents a slight rise of 2% compared to the previous month’s value. On a year-over-year basis, Fuel Oil prices in United States increased significantly by 16%. Meanwhile, in Brazil, the average price of Fuel Oil amounted to 420 USD per metric ton in March 2019, from 363 USD per metric ton one year earlier. On a month-over-month basis, the Fuel Oil price in Brazil is 13% higher than the price one month before.

The price of Fuel Oil in Colombia declined slightly throughout March 2019, reaching 374 USD per metric ton. The price in Colombia is 0.5% lower than the average price in the previous month and 18% higher than the average price one year before. In contrast, Fuel Oil prices in Canada increased modestly during March 2019, reaching 443 USD per metric ton, which means a rise of 2% from the previous month’s price and a rise of 16% from the previous year’s price. 

In the month examined, the Fuel Oil prices in Chile experienced a rise of 23 USD per metric ton from the previous month's price, to 527 USD per metric ton. Such price movement in Chile meant a rise of 5% on a monthly basis and a rise of 4% on a yearly basis. On the other hand, in March 2019, the Fuel Oil price in Mexico witnessed a decline of 17 USD per metric ton when compared against the previous month's price, to 432 USD per metric ton. The March 2019 price in Mexico is 25% higher than the price one year before. 

About Intratec Energy Price References. Subscription-based product which monthly delivers trustworthy prices of energy commodities worldwide. Essentially, it covers:

  • Latest monthly prices of 13 energy commodities, including: Butane, Coal, Crude Oil, Diesel, Electricity, Ethanol, Gasoline, Petroleum Coke, Fuel Oil, Kerosene, Naphtha, Natural Gas and Propane
  • Prices in 35 key countries, grouped by 6 world regions:

    • 1 Americas: United States, Canada, Mexico, Brazil, Chile, Colombia
    • 2 Northwest Europe: Germany, France, Belgium, Netherlands, United Kingdom, Sweden, Norway, Finland
    • 3 Central & South Europe: Italy, Spain, Poland, Czech Republic, Hungary
    • 4 Southeast Asia: Australia, Singapore, Indonesia, Thailand, Philippines, India
    • 5 Northeast Asia: China, Japan, Russia, South Korea, Taiwan
    • 6 Africa & Middle East: Saudi Arabia, South Africa, Turkey
  • Historical prices since January 2007
  • Short-term forecasts covering a rolling 9 months forward

About Fuel Oil. Fuel Oil is an organic compound, a mixture of hydrocarbons. It is a highly viscous liquid, with yellowish to black color, insoluble in water and most organic solvents. Fuel Oil is a general classification of petroleum fraction (obtained either as a distillate or as a residue) that is used worldwide in an engine for power generation or is burned in a furnace for heat generation. For this matter, a wide variety of compounds can be categorized as Fuel Oil, diesel is one of those.

Fuel Oil is composed mainly of long-chain alkanes, aromatics, and cycloalkanes. It can be categorized into 6 types, from number 1 to 6. The heavier Fuel Oils (4-6) are largely by-products of the refining process, so their specification can vary greatly. Being a by-product does not mean it has few or no uses; all types of fuel oil indeed are produced and employed in bulk quantities for different uses.

Fuel Oil can be commercialized in the spot market, in which the commodity can be purchased for immediate delivery. Spot prices, unlike contract prices, depend on commodity availability – the lower the availability, the higher will be the commodity price. This trade type is vulnerable to disruptions like plant closures, natural disasters, or supply shortages, which can significantly impact them. Conversely, lower demand and increased producer inventories tend to drive spot prices down.

Fuel Oil Handling. Fuel Oil transportation varies by country and quantity. Lighter Fuel Oils can be transported via pipelines. Inland it is carried by rail cars (landmass transportation, usually in DOT-11 cars, holding 34,500 US gallons) and trucks (land transportation, ranging from 400 to 7,500 US gallons). Worldwide Fuel Oil is shipped by fleets of oil tankers.

Fuel Oil Uses. Fuel Oil is used mainly as ship/truck/car/train fuel; industrial solvent; in house and industrial heat generation; and electricity generation.

Intratec Methodology. Intratec Energy Price References are produced from a data-driven, mathematical approach, which starts with the extraction of data from various primary sources, including official trade records, futures market, statistics bureaus, governmental and international agencies. Such large volume of data is validated through advanced data processing techniques, and treated by means of statistical analysis for outliers removal. When faced with input gaps, data scientists and engineers employ mathematical models or machine learning techniques to estimate prices and ensure the completeness of the price assessments presented (learn more ).

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