Bunker prices are flat at the port of Saint-Petersburg, Russia (graph)
Global oil prices decline following the trade talks between the USA and China and China’s restrained statements.
Market players set dumping prices for high-sulphur fuel oil amid a tough competition in view of the IMO sulphur cap for marine fuel effective from 2020 which is expected to affect the demand.
Bunker suppliers start offering VLSFO (with sulphur content not exceeding 0.5%) which fully complies with MARPOL requirements. They say there is a demand for this product although low yet.
According to IAA PortNews Bunker Prices Review, bunker fuel prices at port St. Petersburg were as follows:
Average price of IFO-380 HS - $205 pmt.
Average price of MGO - $535 pmt.
Average price of ULSFO - $470 pmt.
IFO-380 HS prices range between $195 and $230 pmt.
Bunker prices at the port of Rotterdam fell by $12 on the average.
The difference between maximum/minimum prices depends on the amount of fuel sold and its availability.
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