Asia Fuel Oil-VLSFO market structure weakens; more spot offers emerge

The market structure for very low sulphur fuel oil (VLSFO) weakened further in Asia on Wednesday, with backwardation spreads narrowing, while more spot offers also emerged. Some sellers were still trying to clear a supply overhang following a month of heavy incoming supplies, trade sources said, while bunker demand for VLSFO retained a tepid tone. …

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