Bunker prices are surging at the Port of Saint-Petersburg, Russia (graph)

On October 1, Brent oil prices rose more than $84 a barrel for the first time since 10 November 2014. The growth is mainly driven by fuel deficit fear.

Therefore, average indicative bunker prices surged at the port of Saint-Petersburg in the beginning of the week.

Bunker prices at the port of Rotterdam grew by +$19 on the average.

According to IAA PortNews Bunker Prices Review, bunker fuel prices at port St. Petersburg were as follows:

Average price of IFO-380 HS - $422 pmt (+$16). 

Average price of MGO - $684 pmt (+$14). 

Average price of ULSFO - $650 pmt (+$14).  

IFO-380 HS price is ranging between $420 and $428 pmt, MGO – between $675 and $694 pmt.

The difference between maximum/minimum prices depends on the amount of fuel sold and its availability.

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