Bunker prices continue going down at the port of Novorossiysk, Russia (graph)
Bunker prices continue going down at the port of Novorossiysk, Russia.
Indications at the nearest ports, Istanbul and Piraeus, are fluctuating by $2-3.
According to the IAA PortNews Bunker Prices Review, average price for IFO-380 НS was $310 per tonne (-$5), average price for MGO was $597 per tonne (-$5).
MGO price is between $585 and $600 pmt, fuel oil price - between $305 and $315 pmt.
Bunker market at port Kavkaz sank due to increased competition among bunker suppliers in the region. Minimum fuel oil and light fuel prices - $260 and $570 pmt accordingly.
The difference between maximum/minimum price depends on the amount of sold fuel and its availability.
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