Asia’s 0.5% very low-sulphur fuel oil (VLSFO) front-month time spread and crack slipped on Monday despite a tight near-term supply outlook. VLSFO supply is “pretty tight until 2H August (while) bunker demand is steady and regional utility demand consistent,” a Singapore-based fuel oil trader said. Still, the front-month VLSFO time spread slipped to a three-week …
The post VLSFO time spread, crack lower but outlook remains tight first appeared on Hellenic Shipping News Worldwide.