01
Feb

Asia Fuel Oil: Hi-5 Crunches To Narrowest In More Than Five Years

Asia’s hi-5 fuel oil spread crunched to its narrowest in over five years, based on LSEG data, as the market for very low sulphur fuel oil (VLSFO) continued to weaken, while high sulphur fuel oil (HSFO) strengthened. The hi-5, which reflects the premium of VLSFO over 380-HSFO, fell below $76 a metric ton for the …