HSFO market strength pares slightly

Strength in the high sulphur fuel oil (HSFO) market pared marginally by the end of the trading week, with backwardation narrowing from recent highs. The balance-month backwardation for Singapore 380-cst HSFO remained steep above $20 a metric ton, though easing from the previous session. Cash premium was adjusted lower at $21.50 a metric ton on …

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