Global oil prices continue going amid information about fuel reserves growth in the USA.
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.
According to IAA PortNews Bunker Prices Review, bunker fuel prices at port St. Petersburg were as follows:
Average price of IFO-380 HS - $185 pmt (+$1).
Average price of MGO - $540 pmt (-).
Average price of ULSFO - $460 pmt (+$6).
Average price of VLSFO 0.5% - $445 pmt (+$21).
IFO-380 HS prices range between $180 and $200 pmt.
Bunker market at the port of Rotterdam see no price movements.
The difference between maximum/minimum prices depends on the amount of fuel sold and its availability.
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