Asia’s high sulphur fuel oil differentials ended the week in losses as the market expected supplies to rise and as Singapore stocks rose, but the downside was limited by a decline in European inventories.
Singapore’s 380-cst HSFO cash premium dropped for a seventh session on Friday to $15.02 a metric ton.
With scanty trading activity at the deals window this week, the very low sulphur fuel oil (VLSFO) market remained weak.
Fuel oil stocks at the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell 6% to 1.13 million tons in the week to March 20, data from Dutch consultancy Insights Global showed.
Source: Reuters
