Asia Fuel Oil-VLSFO pares gains as spot offers ease

Singapore’s cash premium for very low sulphur fuel oil (VLSFO) softened on Monday after rallying to an eight-month high last week, with spot offers easing for September loading dates. The premium was pegged lower at $11.75 per metric ton, though market backwardation continued to widen from the previous session. Singapore’s Sept/Oct VLSFO timespread widened to …

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