SINGAPORE, Dec 28 (Reuters) - Asia"s front-month crack for 0.5% very low-sulphur fuel oil (VLSFO) rose on Tuesday, surging to the strongest level in more than 22 months, buoyed by steady demand and persistently tighter supplies. The front-month VLSFO crack climbed to $16.29 per barrel against Dubai crude during Asian trading hours, a level last seen in Feb. 2020. The crack was at $15.68 a barrel in the last trading session on Friday. Cash premiums for Asia"s 0.5% VLSFO were at $16.88 a tonne to Singapore quotes, compared with $16.46 on Friday. Meanwhile, Asia"s cash differentials for 380-cst high sulphur fuel oil (HSFO) were at a premium of $1.03 a tonne to Singapore quotes on Tuesday, down from $1.90 on Friday. CHINA OIL DEMAND - China"s oil consumption is expected to keep growing for a decade on robust chemical demand, reaching a peak of about 780 million tonnes a year by 2030, a research institute affiliated with China National Petroleum Corp (CNPC) said on Sunday. read more - In its latest report, the research group said that diesel fuel, gasoline and kerosene consumption are forecast to peak some time around 2025 at about 390 million tonnes a year. The strong petrochemical demand will support rising consumption through to 2030. - Overall oil demand will fall after 2030 as transportation consumption declines amid the electrification of vehicles while chemical demand remains stable during the period, the ETRI said. TENDERS ISSUER GRADE: VOLUME: DELIVERY DATE: CLOSE (VALID) *Pakistan/PSO B: HSFO 65KT (Unconfirmed) March 16-31 Feb 17 *Pakistan/PSO B: LSFO 50KT (Unconfirmed) March 1-15 Feb 3 *Pakistan/PSO B: LSFO 50KT (Unconfirmed March 16-31 Feb 17 WINDOW TRADES - Two 380-cst HSFO trades, no VLSFO deals OTHER NEWS - Oil prices extended gains on Tuesday, with prices trading near the previous day"s one-month high on hopes that the Omicron coronavirus variant will have a limited impact on fuel demand. - Malaysia"s state energy firm Petronas on Tuesday said that it expects recovery in oil demand from the impact of the coronavirus pandemic to remain fragile and uncertain in the next few years. read more ASSESSMENTS FUEL OIL CASH ($/T) ASIA CLOSE Change % Change Prev Close RIC Cargo - 180cst 442.97 14.45 3.37 428.52 Diff - 180cst -2.28 -0.05 2.24 -2.23 Cargo - 380cst 438.99 14.84 3.50 424.15 Diff - 380cst 1.03 -0.87 -45.79 1.90 Bunker (Ex-wharf)- 380cst 442.00 14.00 3.27 428.00 Bunker (Ex-wharf) Premium 3.01 -0.84 -21.82 3.85 For a list of derivatives prices, including margins, please double click the RICs below. Brent M1 180cst M1 180cst M1/M2 180cst M2 Visco M1 Visco M2 380cst M1 380cst M1/M2 380cst M2 Cracks 180-Dubai M1 Cracks 180-Dubai M2 East-West M1 East-West M2 Barges M1 Barges M1/M2 Barges M2 Crack Barges-Brent M1 Crack Barges-Brent M2