03
Dec

Asia Fuel Oil-Market retains downward pressure amid high supply inflows

Asia’s fuel oil benchmarks continued to soften on Tuesday amid high supply inflows in the month, with some cargo arrivals for November spilling into December, based on ship-tracking data. The cash premium for very low sulphur fuel oil (VLSFO) remained capped under $3 a metric ton to cargo quotes, though backwardation widened slightly on Tuesday …