Asian LSFO crack slumps to 3-month low on expectations of higher supplies

Asia’s low sulfur fuel oil refining margin plunged to its weakest in three months Nov. 2, weighed down by expectations of increasing regional supplies amid lackluster bunkering demand. The Asian LSFO market sentiment has been sluggish since the onset of trading of second-half November loading cargoes due to expectations of relatively higher Western arbitrage inflows East and steady regional output….