13
Dec

Asia Fuel Oil-VLSFO margins log weekly declines

Asia’s refining margins for very low sulphur fuel oil (VLSFO) logged weekly declines as of Friday, while spot premiums steadied. Singapore’s VLSFO cracks closed stable day-on-day at premiums near $10 per barrel, but posted declines of more than 10% week-on-week, based on LSEG data. The market has been under pressure due to heavy supply arrivals …