24
Dec

Spot premiums inch up but margins rangebound

Spot premiums for fuel oil inched higher in Asia on Monday, supported by stronger bids, though refining margins were rangebound from last week as ample inventories capped strength. Singapore cash premium for 380-cst high sulphur fuel oil (HSFO) traded at $5 a metric ton over cargo quotes, while the premium for very low sulphur fuel …