Bunker prices go down at the Far East ports of Russia (graph)
Global oil prices are showing a strong growth after a last week fall. That should be attributed to a possibility of an oil alliance between the United States and Saudi Arabia.
According to Bunker Price Bulletin of IAA PortNews, the average indicative price at the port of Vladivostok for IFO-380 НS - $190 pmt, MGO (DMB) - $480 pmt, VLSFO 0.5% - $330.
The market players say the prices are just indicative with limited volumes of heavy fuel oil available and low demand of it in the area.
The bunkering companies have to fix fuel prices not to go into the red.
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 - $190
- VLSFO 0,5% - $290
- MGO - $320
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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