Bunker prices go down at the port of Saint-Petersburg, Russia (graph)
Global oil prices go up amid information about fuel reserves decrease in the USA and OPEC statements.
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 - $185 pmt (-$5).
Average price of MGO - $540 pmt (-$5).
Average price of ULSFO - $450 pmt (-$5).
Average price of VLSFO 0.5% - $420 pmt.
IFO-380 HS prices range between $180 and $205 pmt.
Bunker prices at the port of Rotterdam fell by $10 on the average.
The difference between maximum/minimum prices depends on the amount of fuel sold and its availability.
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