Fuel Oil Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition
Fuel Oil Price Trend, Index and Forecast
Track real-time and historical fuel oil prices across global regions. Updated monthly with market insights, drivers, and forecasts.
Fuel Oil Prices August 2025
| Region | Price (USD/KG) | Latest Movement |
|---|---|---|
| Northeast Asia | 0.78 | -3.9% ↓ Down |
| Europe | 1.23 | -5.6% ↓ Down |
| South America | 0.55 | -1.9% ↓ Down |
| Middle East | 2.26 | -4.0% ↓ Down |
Fuel Oil Price Index (USD/KG):
The chart below highlights monthly fuel oil prices across different regions.
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Market Overview Q3 Ending September 2025
Northeast Asia: Fuel oil prices in Northeast Asia declined due to weakened industrial activity and a seasonal reduction in power generation demand. Refinery margins narrowed as crude oil imports faced volatility, impacting the fuel oil price index. Port congestion and higher freight rates added supply chain pressure, while reduced bunker fuel consumption in the shipping sector further weighed on regional demand. Limited arbitrage opportunities for exports restricted price recovery, and stricter emissions controls increased compliance costs for refiners, amplifying downside trends.
Europe: In Europe, fuel oil prices fell as demand from marine and industrial sectors softened, reflecting slower economic activity. Imports from the Middle East and North Africa increased availability, pressuring the fuel oil price index downward. The transition toward low-sulfur alternatives reduced high-sulfur fuel oil consumption, while refinery maintenance limited regional supply adjustments. Energy transition policies and rising carbon compliance costs added to market imbalances, with traders facing tighter margins amid oversupplied conditions and subdued demand from the power generation sector.
South America: South America witnessed a moderate decline in fuel oil prices as refinery throughput remained stable but demand from power utilities eased with favorable hydropower output. Import reliance exposed the market to fluctuating freight charges and exchange rate volatility, influencing the fuel oil price index. Slower industrial consumption, particularly from the cement and mining sectors, curbed demand. Meanwhile, storage and inland distribution challenges increased procurement costs, but these factors were not sufficient to offset the broader downward price movement driven by muted demand fundamentals.
North America: In North America, fuel oil prices registered a sharp decline, influenced by weaker seasonal demand from power plants and marine bunkering. Ample refinery output, combined with steady imports, pushed the fuel oil price index lower. Domestic logistics bottlenecks, including rail and trucking delays, added costs but failed to counter oversupply pressures. Energy transition initiatives reduced long-term demand, while competitive pricing from natural gas further displaced fuel oil in the power sector. Overall, market sentiment remained bearish, with traders adjusting inventories downward to minimize holding risks.
Fuel Oil Price Trend, Market Analysis, and News
IMARC's latest publication, “Fuel Oil Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the fuel oil market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of fuel oil at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed fuel oil prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting fuel oil pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.
Fuel Oil Industry Analysis
The global fuel oil market size reached USD 196.76 Billion in 2024. By 2033, industry analysts expect the market to reach USD 269.6 Billion, reflecting a projected CAGR of 3.38% during 2025–2033. This growth is driven by sustained demand for marine bunkering fuels, continued use in power generation in emerging economies, and steady industrial consumption despite a gradual shift toward cleaner energy alternatives. Expanding shipping volumes and infrastructure development in developing regions further support market expansion.
Latest developments in the fuel oil industry:
- June 2025: Sunoco LP announced plans to acquire Parkland Corporation in a deal valued at approximately USD 9.1 billion, including debt. The acquisition will create the largest independent fuel distributor in the Americas and aims to deliver over USD 250 million in annual synergies within three years.
- October 2023: Efuel oilon Mobil announced its plan to acquire Pioneer Natural Resources, a leading hydrocarbon exploration company, in an all-stock deal worth USD 59.5 billion.
- October 2023: Chevron acquired Hess Corp., a leading oil, gas, and energy company, for USD 53 billion. The acquisition gives Chevron a major oil field in Guyana and shale properties in North Dakota’s Bakken Formation.
Product Description
Fuel oil is a refined petroleum product obtained as a residue during the distillation of crude oil. It is composed primarily of long-chain hydrocarbons and is categorized by viscosity and sulfur content. Fuel oil is generally classified into heavy fuel oil (HFO) and light fuel oil (LFO), with HFO being widely used in marine engines, industrial boilers, and power plants, while LFO finds applications in heating and smaller combustion units. Key properties include high energy density, relatively low volatility, and cost-effectiveness compared to alternative fuels. Industrial applications span shipping, electricity generation, metallurgy, and large-scale manufacturing, making fuel oil a critical energy source despite growing environmental regulations.
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Fuel Oil |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Fuel Oil Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
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| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of fuel oil pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
- The study examines factors affecting fuel oil price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The fuel oil price charts ensure our clients remain at the forefront of the industry.
Key Questions Answered in This Report
The fuel oil prices in August 2025 were 0.78 USD/Kg in Northeast Asia, 1.23 USD/Kg in Europe, 0.55 USD/Kg in South America, and 2.26 USD/Kg in North America.
The fuel oil prices data is updated on a monthly basis.
We provide the pricing data primarily in the form of an Excel sheet and a PDF.
Yes, our report includes a forecast for fuel oil prices.
The regions covered include North America, Europe, Asia Pacific, Middle East, and Latin America. Countries can be customized based on the request (additional charges may be applicable).
Yes, we provide both FOB and CIF prices in our report.
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