Bunker prices are down up at the port of Novorossiysk, Russia (graph)
Bunker prices are going down at the port of Novorossiysk, Russia.
Indications at the nearest ports, Istanbul and Piraeus, have dropped: heavy fuel oil - by $8-9, light fuel by $17.
According to the IAA PortNews Bunker Prices Review, average price for IFO-380 НS was $370 per tonne (-$8), average price for MGO was $660 per tonne.
MGO price is between $660 and $680 pmt, fuel oil price - between $360 and $400 pmt.
The difference between maximum/minimum price depends on the amount of sold fuel and its availability.
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