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Global VLSFO market well supplied, trading activity subdued

September 1, 2022 Comments Off

Global VLSFO supply strengthened during August, while typical summer illiquidity set in. Asia The Asian low sulfur fuel oil market was unlikely to witness further significant downward pressure from prevailing levels. The market was indeed likely to garner support as trading gathers pace for second half September loading cargoes as regional refiners have been trimming output and Western arbitrage arrivals…