Asia’s very low sulphur fuel oil (VLSFO) refining margin posted a weekly decline on Friday, though the product’s cash premium recovered in recent sessions, reports Nasdaq.
The 0.5% VLSFO crack LFO05SGDUBCMc1 fell to a premium of $8.75 a barrel at the Asia close on Friday, down about 3% from last week, according to LSEG data.
Drop in gasoline refining cracksA recent drop in gasoline refining cracks are likely to lead to the diversion of more...
https://mfame.guru/asia-fuel-oil-vlsfo-margin-posts-weekly-drop-cash-premium-climbs/