By Srinivas Chowdary Sunkara // petrobazaar // 11th August, 2020.
BUNKERING NEWS
The Bunker Price Index consist of a range of prices for 380 HSFO, MDO and MGO(Gasoil) in the main world hubs traded flat across the major world ports yesterday. In Singapore, HSFO 380 cSt prices remained unchanged at $275 while MDO prices ticked up $1.25 or .36% to $347 and MGO price indexes went down $3 to $389 respectively. Meantime, The world crude oil price indexes moved up on positive factory data from China and hopes on further corona aid from U.S talks. Resurgence of infections keep weigh on oil prices.
Argus reported that the Bunker Fuel sales in Rotterdam fell in the second quarter from the previous three months due to Covid – Pandemic reduced trade, But were roughly steady on the year, as shipowners increasingly opted for 0.5% sulfur fuel oil in Europe's biggest port. Sales of 3.5pc sulfur marine fuel oil (HSFO) declined by 11pc on the quarter in Rotterdam to 532,000 t.
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