By Srinivas Chowdary Sunkara // petrobazaar // 25th Oct, 2019.
BUNKERING NEWS
Bunker Price Index consist of a range of prices for 180 HSFO, 380 HSFO and MGO(Gasoil) in the main world hubs advanced yesterday. Fuel oil futures in Singapore markets gained above 5% from previous session. IFO 180 cSt and 380 cSt graded fuel oil futures prices went $20 up at $416.5 and $386.5 respectively while MGO(Gasoil) futures prices settled $13.5 up at $595. The world crude oil benchmark prices continued to gain yesterday on a bullish sentiment buoyed by the surprise drawings in U.S inventories. Prospectus of supporting action by producer's club also propped up oil prices.
IMO-2020 NEWS
Why the lower viscosity fuel oil cost high? The lower viscosity fuel oil requires more expensive MGO( Marine gas oil) to dilute the high viscosity bunker. Now a days, With an availability of variety of low viscosity and sulfur cheap blend components, diluting a high viscosity bunker cheaper an easier.
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