Asia’s benchmark HSFO cash differential surges to highest in over 10 months

The benchmark Singapore 380 CST high sulfur fuel oil cash differential over the grade’s swap values soared to its highest premium in more than 10 months, buoyed by persistently firmer buying interests for late July-loading cargoes, but some trade sources said the current strength may not be sustainable as supplies were expected to increase in coming weeks. Platts assessed the…