Bunker prices are growing at the Port of Saint-Petersburg, Russia (graph)
The increase of global oil prices in the beginning of the week compensates for the recent decline. This growth trend is driven by expectations of supplies from Venezuela to disrupt and to affect the world supply .
According to IAA PortNews Bunker Prices Review, bunker fuel prices at port St. Petersburg were as follows:
Average price of IFO-380 HS - $348 pmt (+$5).
Average price of MGO - $558 pmt (+$13).
Average price of ULSFO - $512 pmt (+$1).
IFO-380 HS price is ranging between $320 and $360 pmt.
Bunker prices at the port of Rotterdam have increased by $8 on the average.
The difference between maximum/minimum prices depends on the amount of fuel sold and its availability.
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