Asia Fuel Oil-Arbitrage spreads squeezed shut, cracks widen
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brecorder
4 months ago

Asia Fuel Oil-Arbitrage spreads squeezed shut, cracks widen

SINGAPORE: Arbitrage spreads from northwest Europe into Asia fell to some of their lowest levels in months despite tighter regional supplies and expectations of fewer arrivals in the third quarter, traders said. August fuel oil cracks also slipped on Monday, widening their discount to crude amid rising oil prices, but remain elevated by tighter supplies

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cracks

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