0.5% VLSFO spot premium surges to five-month high

Asia’s spot premium for 0.5% very low sulphur fuel oil (VLSFO) hit a five-month high on Friday on firmer bidding and trading. The spot premium was at $24.23 a tonne to Singapore quotes, up for a ninth consecutive session. Downstream VLSFO bunker fuel premiums have also edged higher this week, though the uptick still lagged …

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