Asia residual fuels: Key market indicators for May 30-June 3
The Singapore marine fuel oil market is expected to maintain record-high levels of prices over the May 30-June 3 trading week due to supply tightness of low sulfur fuel oil cargoes coupled with firm bunker demand. LSFO supply has tightened amid a drop in arbitrage inflows and stronger gasoil cracks relative to LSFO, market sources said. Conversely, high sulfur fuel…