03
Dec

Asia Fuel Oil-Spot premiums dip as offers soften, trade largely quiet

Spot premiums for fuel oil eased in Asia on Monday, with offers retreating from the previous session, while overall trading momentum was largely thin. Singapore’s cash premium for very low sulphur fuel oil (VLSFO) was pegged below $3 a metric ton to cargo quotes, with backwardation weakening further at the prompt months. Meanwhile, 380-cst high …