Asia Fuel Oil-VLSFO premium eases; Singapore stockpiles extend recovery

Spot premium for very low sulphur fuel oil (VLSFO) dipped on Thursday, while onshore stockpiles at Singapore rose for a second consecutive week. The Singapore cash premium for VLSFO was pegged at $8.25 a metric ton, reflecting competitive offers and a weaker backwardation at the prompt months. Meanwhile, refining cracks LFO05SGDUBCMc1 dipped below premiums of …

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