:: Bunkering --- ID :: 14522
Fueloil today:Stronger bids pushed 180 CST higher
Lack of Interest

By Srinivas Chowdary Sunkara // Petrobazaar // 24th Nov, 2017.

FUEL OIL PRICE TODAY


PORT

IFO 380

IFO 180

Singapore

376.50

406.00

Rotterdam

348.00

375.50

Fujairah

369.50

440.00

Busan

398.00

420.00


FUEL OIL MARKET UPDATE AND ANALYSIS

Today, Fuel oil markets rebounded and spiked on lower supplier offers. Fuel Oil 180 CST grade prices were up by $5.5 or 1.37% spike at $406 as on today from previous closing price. Yesterday physical cargoes of 380 in the Singapore trading window weighed on cash premiums of the mainstay fuel due to lack of buying interest despite lower supplier offers relative to previous session. Stronger bids for 180 cSt fuel oil cargoes pushed cash differentials of the fuel higher on Thursday but failed to result in any deals.

Courtesy: bunkerindex