Asia Fuel Oil: Benchmarks steady in pre-holiday markets

Asia fuel oil market benchmarks were stable on Tuesday ahead of the Christmas holiday, with trade largely thin in the week. The market structure softened for both very low sulphur fuel oil (VLSFO) and high sulphur fuel oil (HSFO), with front-month backwardation narrowing from the previous trading session. Reflecting the weaker market structure, spot differentials …

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