By Srinivas Chowdary Sunkara // petrobazaar // 15th Oct, 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 mixed trend and closed irregular yesterday. In Singapore market, Fuel oil futures prices closed down after an upside momentum for two previous sessions. IFO 180 cSt and 380 cSt graded fuel oil futures prices settled at $372.5 and $342.5 respectively after a push of $18 up while MGO (Gasoil) prices closed $8.5 up at $595. In Singapore, Bunker fuel sales edged down and Low sulfur marine gas oil was up in Sep month.The world crude oil prices dived yesterday, clawing back late week's gains on fears of dampening fuel demand amid the weak numbers from china, fading hopes for early solution to trade irritants and strong demand.
FURNACE OIL AND LIGHT DIESEL OIL PRICES MAY GO DOWN
Following the bunker price trend across world markets, Furnace oil (F.O) and Light diesel oil (LDO) prices are very likely to go down tomorrow for the second half of October, 2019
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
