Singapore fuel oil margins near record as crude tumbles, supplies shrink

MOSCOW (MRC) -- Asian fuel oil refining margins climbed to a near record high on Friday, boosted by falling crude oil prices and tightening supplies of the fuel amid refinery upgrades and looming U.S. sanctions on Iranian oil exports next month, as per Hydrocarbonprocessing."Cracks have strengthened recently mostly due to weaker crude prices which are down by almost USD10 per barrel since

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