Asian fuel oil VLSFO refining margins, cash premiums slip.
Byline: S. Kamal Hayder Kazmi
Meanwhile, Asia's front-month crack for 0.5 percent very low-sulphur fuel oil (VLSFO) slipped on Wednesday, but traders claim steady bunkering demand and restricted arbitrage arrivals from the West will continue to help the market in the near future.
The front-month VLSFO crack downed to $13.05 per barrel against Dubai crude during Asian trading hours, compared to $13.47 per barrel on Tuesday.
"While bunker demand in Singapore is largely expected to remain bolstered till the year-end, some shipowners may hold back from huge purchases owing...
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