Crude oil price plummeted to its January low, amid a new trade war between the US and China. The IAA PortNews Bunker Price Review showed that marine fuel average indicative price for several products in the Port of St. Petersburg was the following:
IFO 380 HS – $ 295.0 per metric ton (- $ 35.0).
MGO – $ 530.0 pmt (- $ 27.0).
ULSFO (marine fuel environmental) – $ 480.0 pmt (- $ 21.0).
Foreign exchange prices for high sulphur product IFO 380 were changing in a range of $ 290.0 to $ 315.0 pmt.
Bunker price at the Port of Rotterdam fell by an average of $ 37.0 by the end of the week.
The price range depends on the volume of the batch of fuel sold and the product availability.