Asian ultra-low, medium sulfur gasoil spread narrows to over 8-month low on divergent fundamentals

The 10-500 ppm sulfur gasoil spread in Asia narrowed to an over eight-month low Nov. 24, showed data from S&P Global Commodity Insights, amid weaker ultra-low sulfur gasoil prices and a resilient medium sulfur gasoil grade. The Platts FOB Singapore 10/500 ppm sulfur gasoil spread narrowed 31.03% on the day to plus 60 cents/b at the 0830 GMT close Nov….