Fuel Oil Price | Italy — Q4 2023
Check how the Fuel Oil prices evolved in Italy, from Q4 2022 to Q4 2023.
The table below shows quarterly Fuel Oil prices, in USD per metric ton.
And this table presents how Fuel Oil prices varied, on a year-over-year basis and on a quarter-over-quarter basis.
Fuel Oil (HFO), imp, IT. The price of Fuel Oil (heavy, import price, Italy) increased during Q4 2023 to 532 USD per metric ton, which represents a considerable rise of 11% compared to the previous quarter’s value. On a year-over-year basis, prices of Fuel Oil (heavy, import price, Italy) increased by 2.6%.
Fuel Oil (HFO), ret, IT. In Q4 2023, the price of Fuel Oil (heavy, retail price, Italy) witnessed a rise of 27 USD per metric ton when compared against the previous quarter’s price, to 683 USD per metric ton. The Q4 2023 price is 1.4% higher than the price one year before.
For further information on the pricing of Fuel Oil, including:
- Current prices, on a quarterly basis
- Historical pricing data since 2007
- Short-term Price Forecasts
Check below:
▶ https://www.intratec.us/products/energy-price-references/commodity/fuel-oil-price-italy
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A Little Bit 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 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 is used mainly as ship/truck/car/train fuel; industrial solvent; in house and industrial heat generation; and electricity generation. This commodity can be used in the manufacture of derivatives, such as: acetylene; C4-stream; ethylene; gasoline; high-boiling aliphatic solvents; methanol; naphthenic acid; n-paraffins(C14-C18); propylene; pyrolysis tar.
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