Singapore High-Sulfur Fuel Oil Weakens; Spread vs Low-Sulfur Widens This Week

GateNews
According to Jin10 Futures and Zijin Tianfeng Futures, Singapore high-sulfur fuel oil weakened this week as shipping fuel demand remained soft. The high-low sulfur spread continued to widen. Recent arrival of sanctioned-origin cargoes eased prior supply tightness, while Russian supplies to Singapore declined but Asian compliant fuel supplies replenished the market.
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