Spot market retains downside, cracks post weekly losses

Asia’s spot fuel oil market remained skewed to the downside as of Friday, while refining cracks logged weekly losses as supply pressure weighed. Cash differentials for both high sulphur fuel oil (HSFO) and very low sulphur fuel oil (VLSFO) closed in discounts at the end of the week. Cracks traded higher day-on-day, but were softer …

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