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HSFO cracks hold strength but spot premiums dip

Refining cracks for high-sulphur fuel oil (HSFO) retained its recent strength on Thursday, though spot premiums showed signs of easing. Singapore’s March 380-cst HSFO/Brent crack (FO380BRTCKMc1) closed at a discount of 56 cents a barrel on Thursday, holding near multi-year highs, based on LSEG data. However, spot premiums held steady to softer, with 380-cst HSFO …