Fuel oil benchmarks were broadly stable in Asia on Friday, with cash premiums and crack spreads rangebound through the week.

The High-Sulphur Fuel Oil (HSFO) market largely retained support amid a seasonally strong period, though expectations of more upcoming arrivals later this month capped gains.

Cracks for 380-cst HSFO were stable between discounts of $6 to $6.50 a barrel this week, while cash premiums held at about $12 a metric ton.

Meanwhile, the Very Low-Sulphur Fuel Oil  (VLSFO) market recovered slightly on Friday, though some bearish pressure weighed on sentiment as the wider supply pool remained ample while spot bunkering demand was lukewarm.

VLSFO cracks closed higher at about $9 a barrel on Friday, while cash premiums also firmed slightly.

Source: Hellenic Shipping News