SINGAPORE: Asia’s fuel oil market was steady on Wednesday, with cash differentials and margins trading sideways from the previous day on limited spot activity.

The cash differential for 0.5% very low sulphur fuel oil (VLSFO) edged 5 cents higher to a premium of $16.25 per tonne over Singapore quotes, while its front-month crack rose $1.21 to $16.56 per barrel at the Asia close (0830 GMT) on Wednesday.