Spot premiums for fuel oil fell further on Monday, while market backwardation narrowed at the prompt months for both high sulphur fuel oil (HSFO) and very low sulphur fuel oil (VLSFO). Cargo trade remained broadly thin, while softer offers emerged in the spot market and pressured premiums down....
https://www.hellenicshippingnews.com/asia-fuel-oil-spot-premiums-extend-slide-backwardation-narrows/