Asia residue fuel market – Key market indicators this week

S&P Global Platts | Jul 13, 2020 at 6:52 AM
  • As weak low sulfur fuel oil fundamentals weigh on Asian refiners’ margins, a number of refiners have responded by reducing production.
  • In a continuing bid to boost profitability, many of the same refiners reducing LSFO output are simultaneously purchasing straight-run fuel oil cargoes to increase production of lighter distillates.