Bunker prices are slightly down at the port of Saint-Petersburg, Russia (graph)

Global oil prices are showing positive dynamics in reaction to the news on Iran’s seizure of an oil tanker in the Persian Gulf.

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

Average price of IFO-380 HS - $365 pmt (-$5).

Average price of MGO - $571 pmt (-$7).

Average price of ULSFO - $529 pmt (-$3).

IFO-380 HS prices range between $360 and $375 pmt.

Bunker prices at the port of Rotterdam decreased by $7 on the average.

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

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