VLSFO cracks trade higher but spot recovery capped

VLSFO cracks trade higher but spot recovery capped
Cracks for very low sulphur fuel oil (VLSFO) traded higher in Asia on Tuesday in volatile trading, though ample prompt supply still capped recovery in the spot market. Singapore’s VLSFO crack closed at a premium above $7.60 a barrel, higher than $6.75 in the previous...
Read More