09
Dec

Asia Fuel Oil-Refining crack spreads plunge amid selling flurry

Refining crack spreads for fuel oil fell on Monday after trading participants engaged in a wave of selling activity, based on market sources and pricing data. Singapore’s January crack spread for very low sulphur fuel oil (VLSFO) dived below premiums of $10 per barrel on Monday, as of the Asia close (0830 GMT), hitting more …