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2016 January 14   18:15

IFO380 price at Novorossiysk port tumbles to $ 60 pmt (graph)

The average indicative price at the port of Novorossiysk continued its slide at the beginning of Week 3 on the regional market trend, the IAA PortNews bunker price bulletin shows.

The average price of high sulfur product IFO380 HS sank to $ 65.0 pmt (- $ 8), the average price of MGO lost $12.0 to settle at $ 360.0 pmt.

Bunker fuel prices in the ports of the Azov Sea remain unchanged amid falling oil prices due to the introduction of icebreaking and pilotage fees.

Fuel oil prices at the Port of Istanbul dropped by an average of $ 13.0, MGO – by $ 7.0.

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