Asia VLSFO cash premium rises as supplies stay tight
Asia’s VLSFO cash premiums extended gains amid tight prompt supplies. VLSFO cash premium traded at about $40/ton to Singapore quotes versus $38.41 a day earlier.
Asia's very low sulphur fuel oil markets extended gains on Wednesday amid tight supplies at the prompt and dim outlook for arbitrage volumes this month, analysts said.Cash premiums for VLSFO traded at about $40 a ton to Singapore quotes, compared with $38.41 a day earlier.Meanwhile, the spot differ…