Asia's LSFO cash premium at record high as Middle East war triggers supply woes

Asia’s low sulfur fuel oil cash differentials surged to an all-time high as the US-Israel war with Iran cut Middle East supplies, prompted Asian refiners to trim production, and led countries to hold back near-term exports to safeguard their oil reserves. Platts assessed the cash differential for Singapore marine fuel 0.5%S cargo over the Mean of Platts Singapore marine fuel 0.5%S assessment at aAsia’s low sulfur fuel oil cash differentials surged to an all-time high as the US-Israel war with Iran cut Middle East supplies, prompted Asian refiners to trim production, and led countries to hold back near-term exports to safeguard their oil reserves. Platts assessed the cash differential for Singapore marine fuel 0.5%S cargo over the Mean of Platts Singapore marine fuel 0.5%S assessment at aRead More