According a fuel price survey conducted by PortNews in Russia’s southern region, the average indicative prices of bunker at the port of Novorossiysk increased: IFO-380 HS was up $5 to $ 623 pmt and the average price of MGO remained flat at $ 958 pmt (the 34th week).
The bunker price movement in the Black Sea ports was pushed by higher selling price at refineries and growing demand for the fuel grade.