Global oil prices go down following the recent growth in expectation of OPEC+ meeting.
Market players continue setting 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, hence the permanent decrease of high-sulphur oil prices.
According to IAA PortNews Bunker Prices Review, bunker fuel prices at port St. Petersburg were as follows:
Average price of IFO-380 HS - $184 pmt (-$1).
Average price of MGO - $540 pmt (-).
Average price of ULSFO - $454 pmt (+$4).
Average price of VLSFO 0.5% - $424 pmt (+$10).
IFO-380 HS prices range between $180 and $200 pmt.
Bunker market at the port of Rotterdam saw mixed price movements having falling by $16 on the average.
The difference between maximum/minimum prices depends on the amount of fuel sold and its availability.
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