Bunker prices are flat at the port of Saint-Petersburg, Russia (graph)
Global oil prices decline amid information about fuel reserves growth in the USA.
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 - $200 pmt.
Average price of MGO - $530 pmt.
Average price of ULSFO - $456 pmt.
IFO-380 HS prices range between $195 and $225 pmt.
Bunker prices at the port of Rotterdam are flat.
The difference between maximum/minimum prices depends on the amount of fuel sold and its availability.
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