The average price of bunker fuel in the southern Russian Port of Novorossiysk took a downward turn at the end of the 11th week, the IAA PortNews price bulletin shows.
Average benchmark price of high sulfur product IFO380 edged down $1.0 to $213.0 per metric ton (pmt), while the price of MGO dropped $11.0 to settle at $549.0 pmt.
The lowest price for price for IFO380 HS product settled at $203.0 pmt.
Bunker prices at the ports based in the Sea of Azov remained flat.
Fuel oil price at the port of Istanbul fell by an average of $ 6.0, MGO lost $ 15.0 pmt.
Subscription for the PortNews Bunker Price Bulletin is available here >>>>