Global oil prices demonstrate positive dynamics amid expectation of interest rates reduction by US Federal Reserve System that is to increase the demand for fuel and to support the economic growth.
According to IAA PortNews Bunker Prices Review, bunker fuel prices at port St. Petersburg were as follows:
Average price of IFO-380 HS - $342 pmt (-$2).
Average price of MGO - $564 pmt (+$3).
Average price of ULSFO - $523 pmt (+$3).
IFO-380 HS prices range between $338 and $350 pmt.
Bunker prices at the port of Rotterdam decreased by $8 on the average.
The difference between maximum/minimum prices depends on the amount of fuel sold and its availability.
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