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2020 December 1   16:43

Bunker prices rise in the Far East ports of Russia (graph)

Global oil prices decrease amid uncertainty over the forthcoming OPEC+ talks

According to Bunker Price Bulletin of IAA PortNews, the average indicative price at the port of Vladivostok for IFO-380 НS - $275 pmt, MGO (DMB) - $402 pmt, VLSFO 0.5% - $355.

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 at the port of Singapore:

- IFO-380 НS - $310
- VLSFO 0,5% - $385
- MGO - $406

From 1 January 2020 the global upper limit on the sulphur content of ships' fuel oil is reduced to 0.50%.

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