:: Bunkering --- ID :: 14123
Fuel Oil price update
fuel oil

By Srinivas Chowdary Sunkara // petrobazaar // 18th August, 2017.

PortIFO 380
Singapore306.00 +4.00
Rotterdam293.50 +3.00
Fujairah305.00 0.00
Busan330.00 +2.50
IFO 180
341.00 +5.00
321.50 +4.00
365.00 0.00
350.00 +2.50
MGODate
463.00 +5.002017-08-18
447.00 +2.002017-08-18
550.00 0.002017-08-18
500.00 0.002017-08-18


Fuel price analysis

Fuel oil prices seems to be strong around all major ports. Both the crude futures recorded a major price drop during the week. Brent tested the $50 level yesterday, but failed to break below, indicating that the support level is really strong. Latest inventory report showed a major drop in U.S inventory. prices continued to fall due to high production numbers recorded.