22
Jan

Asia Fuel Oil: Spot premiums cool further, though bidding flurry holds

Spot fuel oil premiums continued to ease on Wednesday, though a flurry of bids remained in the spot market but met with limited offers, especially on the high-sulphur front. Singapore cash premium for 380-cst high sulphur fuel oil (HSFO) and very low sulphur fuel oil (VLSFO) dipped day-on-day, while backwardation at the prompt months narrowed. …