Bunker prices continue going down at the Port of Saint-Petersburg, Russia (graph)
Last Friday, OPEC+ agreed to a 1.2 million barrel per day production output cut over half a year.Investors are considering the decision and its impact on demand/supply balance on the global market in 2019.
Bunker prices at the port of Rotterdam fell by $9 on the average.
According to IAA PortNews Bunker Prices Review, bunker fuel prices at port St. Petersburg were as follows:
Average price of IFO-380 HS - $326 pmt (-$7).
Average price of MGO - $534 pmt (-$6).
Average price of ULSFO - $504 pmt (-$8).
IFO-380 HS price is ranging between $315 and $345 pmt, MGO – between $530 and $550 pmt.
The difference between maximum/minimum prices depends on the amount of fuel sold and its availability.
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