[Watch] Cheaper Crudes and Freight Rates Recovery Drive Market Demand

Market demand continues to sustain buying interest for Asian high sulfur fuel oil.
Singapore Marine Fuel 0.5%S market has seen a revival of buying interest.
Singapore Marine Fuel 0.5%S August/September contango narrowed to minus $1.50/mt.
Singapore Marine Fuel 0.5% cargo assessment was assessed at $18.50/mt.
Zhoushan delivered marine fuel 0.5%S differential to the benchmark FOB Singapore Gasoil.
Singapore-delivered 380 CST bunker premium to Singapore 380 CST HSFO cargo assessments.
Market...