Bunker prices show an upward trend at the port of Saint-Petersburg, Russia (graph)

Global oil prices started going down after it became clear that US Federal Reserve System’s cut of the interest does not mean the relax of its monetary stance.

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

Average price of IFO-380 HS - $358 pmt (+$16).

Average price of MGO - $576 pmt (+$12).

Average price of ULSFO - $540 pmt (+$17).

IFO-380 HS prices range between $353 and $370 pmt.

Bunker prices at the port of Rotterdam decreased by $9 on the average.

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

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