{"id":400166,"date":"2021-02-11T19:50:55","date_gmt":"2021-02-11T14:20:55","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=400166"},"modified":"2021-02-11T19:50:55","modified_gmt":"2021-02-11T14:20:55","slug":"asian-fuel-oil-margin-hits-a-year-high-supply-tightness-to-persist-in-2021","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/asian-fuel-oil-margin-hits-a-year-high-supply-tightness-to-persist-in-2021\/","title":{"rendered":"Asian fuel oil margin hits a year high, supply tightness to persist in 2021"},"content":{"rendered":"<p>Supported by shrinking supplies and firm demand, Asian refiners&#8217; profit from producing very low sulphur fuel oil (VLSFO) rose to a one-year high this week, setting the stage for a trend that could persist throughout the year, traders and analysts said.<\/p>\n<p>&#8220;Tightness in the fuel oil complex will remain a common theme through 2021, especially as the tightness in crude ensures that any uptick in margins will be transferred straight to crude producers if OPEC+ producers can hold their nerve,&#8221; said Energy Aspects in a note to clients last week.<\/p>\n<p>The front-month VLSFO margin was at $15 per barrel above Dubai crude on Tuesday, its highest since Feb. 20 and up from $11.75 a barrel at the start of the year, according to Refinitiv data in Eikon.<\/p>\n<p>VLSFO refining margins have spiked this week &#8220;amid tightness in the Asian market,&#8221; said Sri Paravaikkarasu, director for Asia oil at FGE.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Supported by shrinking supplies and firm demand, Asian refiners&#8217; profit from producing very low sulphur fuel oil (VLSFO) rose to a one-year high this week, setting the stage for a trend that could persist throughout the year, traders and analysts said. &#8220;Tightness in the fuel oil complex will remain a common theme through 2021, especially as the tightness in crude ensures that any uptick in margins will be transferred straight to crude producers if OPEC+ producers can hold their nerve,&#8221; said Energy Aspects in a note to clients last week. The front-month VLSFO margin was at $15 per barrel above [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[133],"tags":[],"class_list":["post-400166","post","type-post","status-publish","format-standard","hentry","category-oil-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/400166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=400166"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/400166\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=400166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=400166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=400166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}