Singapore’s LSFO market faces near-term pressure on buoyed stockpiles

The Singapore low sulfur fuel oil spot ex-wharf premiums would remain pressured in the near term, weighed by persistently thin demand for late-July and early-August loading cargoes amid expectations of increasing supplies at the world’s largest bunker hub of Singapore, traders said July 12. The Asia LSFO cash differentials dropped for the 10th consecutive session July 12 to their lowest…