Asia Fuel Oil-VLSFO spot premium slides to three-month low

Asia’s spot premium for very low sulphur fuel oil (VLSFO) slipped to a three-month low on Friday, weighed by ample prompt supply in the market. The Singapore VLSFO cash premium was pegged below $4.50 a metric ton, while backwardation continued to narrow at the prompt trading months. Meanwhile, the hi-5 fuel oil spread narrowed for …

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