Asia Fuel Oil-Hi-5 posts weekly decline as VLSFO weakens while HSFO holds strength

Asia’s hi-5 fuel oil spread narrowed week-on-week, led by softer benchmarks for 0.5% low sulphur fuel oil (VLSFO), while the 380-cst high sulphur fuel oil (HSFO) market firmed in contrast. The balance-November hi-5 FO05-380SGMc0 closed at $105.35 a metric ton on Friday, based on LSEG data at 0830 GMT, narrowing more than 10% from last …

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