Bunker prices continue going down at the Port of Saint-Petersburg, Russia (graph)

Investors are still considering the decision of OPEC+ and its impact on demand/supply balance on the global market in 2019. Therefore, the trend is not clear. Most probably, the prices will continue going down till the end of the year.

Bunker prices at the port of Rotterdam fell by $15 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 - $301 pmt (-$7). 

Average price of MGO - $515 pmt (-$5). 

Average price of ULSFO - $474 pmt (-$13). 

IFO-380 HS price is ranging between $300 and $315 pmt, MGO – between $505 and $530 pmt.

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

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