Asia Fuel Oil-VLSFO market pares gains; bunker premiums hold soft

Asia’s very low sulphur fuel oil (VLSFO) market pared gains as of Friday, dragged by slow demand for marine fuel, while bunker premiums remained under pressure, trade sources said. The cargo premium for VLSFO had rebounded this week, buoyed by stronger bids by a couple of market participants, though the market was still fundamentally soft. …

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