Bunker prices are going up at the port of Saint-Petersburg, Russia (graph)
Global oil prices are increasing in expectation of quick settlement of a trade conflict between the USA and China and amid anticipation of reduced supplies from Venezuella due to the American sanctions.
According to IAA PortNews Bunker Prices Review, bunker fuel prices at port St. Petersburg were as follows:
Average price of IFO-380 HS - $360 pmt (+$7).
Average price of MGO - $556 pmt (+$6).
Average price of ULSFO - $530 pmt (+$18).
IFO-380 HS price is ranging between $340 and $370 pmt.
Bunker prices at the port of Rotterdam have increased by $17 on the average.
The difference between maximum/minimum prices depends on the amount of fuel sold and its availability.
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