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Fujairah’s LSFO bunker premiums hit near 13-month low amid weak demand, supply overhang

Bumpy demand for low sulfur fuel oil around the Middle Eastern bunker hub of Fujairah has progressively pressured downstream premiums as suppliers struggle to draw down elevated stockpiles, dampening optimism for a stronger outlook in December, trade sources said Nov. 21. The Platts-assessed Fujairah-delivered marine fuel 0.5% sulfur bunker premium over the Singapore benchmark stood …