On Tuesday, data revealed that the premium of very-low sulphur fuel oil (VLSFO) over high-sulphur fuel oil (HSFO) has reached its lowest level since October 2021, as reported by XMZA.
Fuel at its lowestAsia’s VLSFO-HSFO premium, known as the Hi-5 spread, reached its lowest level since October 2021, standing at $102.50 per metric ton for August. The narrowing spread is attributed to increasing selling interest and multiple offers for VLSFO cargoes in July and early August....