By Srinivas Chowdary Sunkara // petrobazaar // 30th Sep, 2019.
The Bunker Price Index consist of a range of prices for 180 HSFO, 380 HSFO and MGO(Gasoil) in the main world hubs demonstrated a volatile movements during the last two weeks period. The average price of Fuel oil futures in Singapore market spiked to its high in line with a surge in crude benchmark prices during the second half of Sep. IFO 180 cSt futures prices averaged $12 high at $475.5 on Friday. Bunker fuels are expected to change irregular today.
Today morning, crude markets are opened down during Asian hours and do not demonstrate any firm trend so far. Following the price trend in world markets and depreciated rupee against $, Furnace oil (F.O) and Light Diesel oil (LDO) prices are trended to revise up by oil marketing companies in India. Good day.
Disclaimer: Views and opinions expressed here are personal. This commentary is for information purposes only and not an offer or a solicitation to sell or buy any physical commodities or financial instruments. The views and analysis are based on reliable public information available at the time of writing. This report and its content cannot be copied, redistributed or reproduced in part or whole without the prior written permission of petrobazaar.com
