Asia’s cash premiums for 0.5% very low-sulphur fuel oil (VLSFO) rose on Wednesday, buoyed by steady demand and tighter supplies, reports Reuters.
About the rise
Cash premiums for Asia’s 0.5% VLSFO climbed to $19.10 a tonne to Singapore quotes, up from $16.15 per tonne on Tuesday.
The front-month VLSFO crack dipped 2 cents to $14.99 per barrel against Dubai crude during Asian trading hours.
Meanwhile, the 380-cst HSFO barge crack for January traded at a discount of $11.09 a barrel to Brent on Wednesday, compared with minus $10.97 a barrel on Tuesday.
Cash premiums for 380-cst high sulphur fuel oil (HSFO) fell to $1.29 cents per tonne to Singapore quotes, down from $1.35 per tonne in the previous session.
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Source: Reuters
