, Singapore

Singapore fuel oil margins hit four-year high

Thanks to lower supplies and firm demand.

Singapore refining margins for benchmark 180-cst fuel oil against Dubai crude on Monday rose to their narrowest discount in more than four years amidst lower supplies and firm demand, despite recent efforts to boost yields.

The improved margin follows winter demand for power generation, lower exports from key suppliers like Russia and Venezuela and general maintenance outages elsewhere, industry sources said.

Read more from Reuters.

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