News

2020 July 16 15:07

Bunker prices show no significant changes at the Far East ports of Russia (graph)

Global oil prices are going down due to OPEC+ decision on oil output reduction

According to Bunker Price Bulletin of IAA PortNews, the average indicative price at the port of Vladivostok for IFO-380 НS - $228 pmt, MGO (DMB) - $425 pmt, VLSFO 0.5% - $340.

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 - $273
- VLSFO 0,5% - $330
- MGO - $384

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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