Bunker market at the port of Saint-Petersburg sees mixed price movements, Russia (graph)
Global oil prices started going up following the last week fall 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.
According to IAA PortNews Bunker Prices Review, bunker fuel prices at port St. Petersburg were as follows:
Average price of IFO-380 HS - $177 pmt (-$1).
Average price of MGO - $540 pmt (-).
Average price of ULSFO - $463 pmt (+$3).
Average price of VLSFO 0.5% - $430 pmt (-$15).
IFO-380 HS prices range between $170 and $185 pmt.
Bunker market at the port of Rotterdam fell by $9.
The difference between maximum/minimum prices depends on the amount of fuel sold and its availability.
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