:: Bunkering --- ID :: 14509
Fuel oil price spike
FUEL OIL TREND

By Srinivas Chowdary Sunkara // petrobazaar // 22-11-2017


DAILY PRICE MOVEMENT OF FUEL OIL

PortIFO 380
Singapore376.00 +2.00
Rotterdam350.50 -0.50
Fujairah368.00 -2.00
Busan400.00 +7.50
IFO 180
407.00 +2.00
377.50 -1.00
445.00 +5.00
420.00 +7.50

DAILY PRICE OF FUEL OIL AND ANALYSIS

Today, Fuel oil prices have gone up in Singapore market. Both the grades are spiked by $2 per mt. IFO 180 CST grade prices are trading at $407 with an increase of $2 or 0.49% as today from yesterday after a correction of 0.25% . Both the WTI and Brent oil prices were edged up for the second day on the expected production cuts from OPEC and non-OPEC group. Increased number of rig machines in U.S along with the production numbers are putting cap on price.