:: Bunkering --- ID :: 14085
Fuel oil price update
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By Srinivas Chowdary Sunkara // petrobazaar // 3rd August, 2017.

Bunker prices

PortIFO 380
Singapore314.00 +5.00
Rotterdam299.50 +1.50
Fujairah308.00 +0.50
Busan330.00 0.00
IFO 180
343.00 +3.00
327.50 +2.00
360.00 0.00
350.00 0.00
MGODate
483.00 +2.002017-08-03
473.50 +2.502017-08-03
547.50 0.002017-08-03
480.00 -10.002017-08-03


Fuel oil price trends 

Fuel oil prices continued strengthening around the major ports. In the era of production cuts, Fuel oil production causing a heavy  crude production from the areas like Angola and Nigeria. Brent was flat with a little change as the smaller than expected inventory draw could not push up prices. OPEC club supply July supply numbers causing a concern over another dreaded glut of oil. OPEC monthly report is due on 10th and IEA monthly report is due on 11th.