According to Bunker Price Bulletin of IAA PortNews , the average indicative price at the port of Vladivostok for high-sulfur product IFO-180 HS was $ 235 pmt (+$9), IFO-380 НS — $230 pmt, MGO price was $ 395 pmt (+$3).
Fuel oil prices started showing faster growth after OPEC agreed on Wednesday to reduce its oil output to 32.5 million bpd. The agreement will come into force in November.
This week prices were also affected by a deficit in the market.
Fuel oil prices on the domestic market were ranging RUB 16,000 to 17,000 pmt, price range per a tonne of MGO was between RUB 27,500 and RUB 29,000 pmt.
Subscribe for IAA PortNews bunker prices review snitko@portnews.ru Upon request it will be provided in English.