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Nov

Singapore’s downstream LSFO premiums pressured amid ample supplies

Around the world’s largest bunker hub of Singapore, ample low sulfur fuel oil stockpiles, lagging demand and stiff competition progressively weighed on downstream valuations, leading market participants to moderate previously stronger sentiments for the near term, traders said Nov. 19. Platts, part of S&P Global Commodity Insights, assessed the Singapore-delivered marine fuel 0.5%S bunker premium …