VLSFO crack hits its lowest since January 2023

Asia’s very low sulphur fuel oil (VLSFO) crack hit its lowest since January 2023, data showed on Friday, as trading sentiment remained weighed by plentiful supply. The October crack for Singapore VLSFO (LFO05SGBRTCMc1) closed at a premum of $5.75 a barrel, based on data compiled by LSEG. The value slid by nearly 30% week-on-week. Sentiment …

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