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Glencore buys over 1m tonnes of fuel oil in Singapore as premiums slump

Other buyers on the Platts window in June include PetroChina, which bought 666,000 tonnes of the fuel

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A small tanker unloading its cargo of fuel oil at a power station in western Singapore. Glencore plc has bought more than one million tonnes of fuel oil in Singapore this month as prices tumble from a record premium in the world's biggest bunker market.

Singapore

GLENCORE plc has bought more than one million tonnes of fuel oil in Singapore this month as prices tumble from a record premium in the world's biggest bunker market.

The company has purchased at least 925,000 tonnes of 380-centistoke fuel oil and 140,000 tonnes of the 180

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