Global oil prices stated going up after President Donald Trump said that a price war between Saudi Arabia and Russia can be resolved.
According to Bunker Price Bulletin of IAA PortNews, the average indicative price at the port of Vladivostok for IFO-380 НS - $210 pmt, MGO (DMB) - $405 pmt, VLSFO 0.5% - $220.
The market players say the prices are just indicative with limited volumes of non-compliant fuel oil available and low demand of it in the area.
The difference between maximum/minimum prices depends on the amount of fuel sold and its availability.
Bunker prices are stable at the port of Singapore:
- IFO-380 НS - $185
- VLSFO 0,5% - $245
- MGO - $270
From 1 January 2020 the global upper limit on the sulphur content of ships' fuel oil is reduced to 0.50%.
Subscribe for IAA PortNews bunker prices review snitko@portnews.ru Upon request it will be provided in English.