By Srinivas Chowdary Sunkara // petrobazaar // 12th Feb 2020.
The Bunker Price Index consist of a range of prices for 380 HSFO, MDO and MGO(Gasoil) in the main world hubs traded mix across the major world ports yesterday. In Singapore, HSFO 380 cSt prices traded $3.66 or 1.17% up at $314.58 while MDO and MGO price indexes showed a downward evolution at $511.16 and $521.16 respectively. Meantime, The world crude oil price indexes moved up after a report that the number of new virus cases slowed in China. The global equity markets also propped up oil prices.
Argus media said that Distillate bunker demand in the Amsterdam – Rotterdam – Antwerp market rivals that of low sulfur product. The report says that distillate demand has picked up from the start of the year when 0.5% product was in the ascendent.
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