Asia’s front-month crack for 0.5% very low-sulphur fuel oil (VLSFO) dipped on Friday, but posted its steepest weekly jump in more than 1-1/2 years amid tight global supplies. The front-month VLSFO crack was at $27.50 per barrel against Dubai crude during Asian trading hours, compared with Thursday’s $29.39 per barrel, which was the highest since …
The post Asia Fuel Oil VLSFO crack posts biggest weekly gain in over 1-1/2 years first appeared on Hellenic Shipping News Worldwide.