Asia Fuel Oil-Margins log climb in 2023; supply pressure weighs in 2024

Fuel oil refining margins logged a yearly increase in Asia, data from LSEG showed on Friday, though supply pressure is expected to weigh on cracks into 2024. Margins edged higher this year amid a broader recovery for refined fuels demand across Asia, while a lower crude oil price trend also contributed to higher margins. Front-month …

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