Oil prices continue increasing following the reduction of output by oil producers headed by an OPEC group. Yet, bunker market sees mixed price movements.
According to IAA PortNews Bunker Prices Review, bunker fuel prices at port St. Petersburg were as follows:
Average price of IFO-380 HS - $385 pmt (+$13).
Average price of MGO - $581 pmt (-$9).
Average price of ULSFO - $5447 pmt (-$5).
IFO-380 HS price is ranging between $370 and $390 pmt.
Bunker prices at the port of Rotterdam have increased by $5 on the average.
The difference between maximum/minimum prices depends on the amount of fuel sold and its availability.
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