Refining margin for VLSFO drops over 10% in March

Asia’s refining margin for 0.5% very low sulphur fuel oil fell by more than 10% in March compared to the start of the month, data showed on Friday. The front-month crack (LFO05SGDUBCMc1) closed at $9.70 a barrel at the Asia close (0830 GMT) on the last trading day of March. Asia’s VLSFO market came under …

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