Asia Fuel Oil Spot discounts narrow though prompt market holds in contango

Asia’s spot differentials for fuel oil logged narrower discounts on Friday, though the prompt market continued to hold in a contango. The very low sulphur fuel oil (VLSFO) market saw a slight improvement after an unplanned outage at Kuwait’s al-Zour refinery, a key producer of VLSFO. However, the Asia market is still amply supplied by …

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