Bunker Price Index 24-12-2019

Check out for Prices!

By Srinivas Chowdary Sunkara // petrobazaar // 24th Dec 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 plunged yesterday. IFO 180 cSt and 380 cSt graded fuel oil futures prices dived 4.71% from its previous session by $20 to $405 and $375 respectively while MGO prices are closed $5 up at $659 during the session. The world crude oil benchmark futures prices dipped yesterday after a news of producer&#39s council may consider to ease supply cuts in the coming year. Fuel oil futures prices are closing the year in green with an upside difference of $23.5 at the end of the year. 

IMO-2020 NEWS

The IBIA director, Unni Einemo says that the enforcement of the upcoming IMO2020 rule will be probably weak in some parts of the world due to the shortage of resources such as testing equipment, personnel and training to enforce the rule effectively. Many countries, even those that are party to MARPOL Annex VI, will not be able to enforce because they have haven&#39t transposed the regulation in the national law as per Unni Einemo, as published in ship&bunker.
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

imonews courtesy:ship&bunker

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

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