(Bloomberg) -- Asian low-sulfur fuel oil premiums
have doubled on speculation Japanese utilities may increase
purchases after Tokyo Electric Power Co. shut its largest nuclear
reactor following an earthquake.
The premium, or the differential, to benchmark prices for
fuel oil including low-sulfur waxy residue, or LSWR, delivered to
Japan has risen to $10 a barrel, traders said, from $5 before the
magnitude 6.8 earthquake struck Niigata prefecture on July 16.
Read more at Bloomberg Energy News
have doubled on speculation Japanese utilities may increase
purchases after Tokyo Electric Power Co. shut its largest nuclear
reactor following an earthquake.
The premium, or the differential, to benchmark prices for
fuel oil including low-sulfur waxy residue, or LSWR, delivered to
Japan has risen to $10 a barrel, traders said, from $5 before the
magnitude 6.8 earthquake struck Niigata prefecture on July 16.
Read more at Bloomberg Energy News
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