1. Refining margins in the region remained under pressure from plentiful naphtha and middle distillates supply, and slow demand. But an easing in imports lent support to fuel oil margins. 2. Prompt-month 180cst fuel oil moved to it highest premium to the second month in the past 13 months, amid slim arbitrage inflows (see graph). Singapore imported 100,000 b/d of Russian fuel oil in the four weeks to 29 June, around half the deliveries from Russia in the previous four-week period.
展开▼
