Open interest for q4 Singapore 10 ppm/500 ppm spread rises.

 
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A rise in open interest trading volumes for the Singapore 10 ppm/500 ppm spread in the fourth quarter suggests there is growing interest in medium sulfur gasoil as a hedging tool ahead of the International Maritime Organization's tightening of global sulfur limits for marine fuels from 2020, market sources said Wednesday.

Forward trading interest for the Singapore 10 ppm gasoil/500 ppm gasoil spread for Q4 on the Intercontinental Exchange totaled 4.156 million barrels as of July 30, ICE data...

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