26
Nov

Asia Fuel Oil-Market stable to softer on ample supply outlook

Asia’s fuel oil market held steady to mildly softer on Tuesday, with ample supplies expected into December. Spot premiums for very low sulphur fuel oil (VLSFO) dipped below $4 a metric ton, while backwardation continued to narrow at the prompt months. Refining margin for VLSFO also softened, with December VLSFO-Dubai cracks closing lower at premiums …