Bunker prices are going up at the port of Novorossiysk, Russia (graph)
Bunker prices are going up at the port of Novorossiysk, Russia.
Indications at the nearest ports, Istanbul and Piraeus, are growing: heavy fuel oil - by $15, light fuel by $30.
According to the IAA PortNews Bunker Prices Review, average price for IFO-380 НS was $338 per tonne (+$8), average price for MGO was $625 per tonne.
MGO price is between $605 and $635 pmt, fuel oil price - between $330 and $350 pmt.
Bunker market at port Kavkaz sank due to increased competition among bunker suppliers in the region. MGO price is ranging between $585 and $630 pmt, heavy fuel oil – between $265 and $290.
The difference between maximum/minimum price depends on the amount of sold fuel and its availability.