Asia Fuel Oil-VLSFO cash premium slumps to three-month lows

Asia’s cash premium for very-low sulphur fuel oil (VLSFO) declined to three-month lows on Monday, underpinned by steady incoming supplies and tepid bunkering demand. Reflecting lower offers and traded value, the 0.5% VLSFO cash premium MFO05-SIN-DIF slipped further to $3.22 a ton, while front-month crack LFO05SGDUBCMc1 fell to a premium of $7.68 a barrel by …

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