By Srinivas Chowdary Sunkara // petrobazaar // 3rd December 2019.
BUNKERING NEWS
The Bunker Price Index consist of a range of prices for 180 HSFO, 380 HSFO and MGO(Gasoil) in the main world hubs ticked up yesterday. IFO 180 cSt and 380 cSt graded futures prices settled $12 down at $333 and $303 respectively while MGO futures dropped $6.5 to $576.5 yesterday. The world crude oil futures prices clocked 1% gains yesterday on supply cuts talks along with the positive manufacturing data from China. Gasoil futures prices for fuel delivered over the course of 2020 are around $17 per barrel higher than brent, down from $19 at the same time last year and show no sign of pressure on fuel supplies according to Reuters market analyst John Kemp as published in ship&bunker.
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