By Srinivas Chowdary Sunkara // petrobazaar // 13th April 2020.
BUNKERING NEWS
The Bunker Price Index consist of a range of prices including 380 HSFO , MDO & MGO is moving flat across the major world ports. In Singapore, Fuel oil 380 cSt graded fuel oil futures prices traded up $16 to $205.5, MDO prices dropped by $3 at $272.25 and MGO prices are edged down on late week. Meanwhile The world crude oil price indexes closed lowed on Thursday, WTI futures registered more than 9% losses, logged in another weekly loss. Ship&Bunker reported that the dire economic outlook for oil and shipping looks to have boosted interest in mergers and acquisitions opportunities within the bunker industry.
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news courtesy:ship&bunker
