19
Nov

Asia Fuel Oil-VLSFO premium declines to lowest in six weeks

Asia’s spot premium for very low sulphur fuel oil (VLSFO) fell to a six-week low on Monday as competitive offers weighed on the market. The Singapore cash premium for VLSFO was pegged below $6 a metric ton, though backwardation in prompt trading months held stable. The market has recently pared gains on expectations of steady …