SINGAPORE- The cash premium for cargoes of 380-centistoke (cst) high-sulphur fuel oil (HSFO) in Singapore rose to a record on Tuesday, according to Reuters data, boosted by intense buying interest amid shrinking supplies.
The cash premium for 380-cst HSFO jumped to $30.88 per tonne to Singapore quotes on Tuesday, up from $23.09 a tonne in the previous session.
The latest record exceeds the previous high of $24.31 per tonne on July 11, one of the first signs of the impact of a shift in global ship fuel rules set to occur in 2020.
(Reporting by Roslan Khasawneh; editing by Christian Schmollinger) ((roslan.khasawneh@thomsonreuters.com; +65 6870 3121; Reuters Messaging: roslan.khasawneh.thomsonreuters.com@reuters.net))
