Asia’s Fuel Oil Market Signals Hopes of U.S.-Iran De-Escalation

Asia’s high-sulfur fuel oil margin fell to a $2.29 discount this week as U.S.-Iran de-escalation hopes grew and more Gulf supply reached Asian buyers.

Asia’s high-sulfur fuel oil margin fell to a $2.29 discount this week as U.S.-Iran de-escalation hopes grew and more Gulf supply reached Asian buyers.