25
Nov

Asia Fuel Oil-VLSFO premium steadies, though market structure softens

Asia’s spot premium for very low sulphur fuel oil (VLSFO) held steady on Monday, although the market structure softened at prompt trading months amid ample supplies. The Singapore cash premium was pegged at $4.50 a metric ton, even as market backwardation narrowed for the Dec/Jan contract. Refining margin held stable, with December VLSFO-Dubai crack closing …