By Srinivas Chowdary Sunkara // petrobazaar // 26th Nov 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 settled high yesterday. Fuel oil futures prices in Singapore market slipped by 2.6%. IFO 180 cSt and 380 cSt graded fuel oil futures prices closed $9 down at $339 and $309 respectively. The world crude oil benchmark price indexes moved steadily with caution on hopes of world major economies are coming closer to agree the first phase of terms.
IMO-2020 NEWS
Fujairah in the United Arab Emirates is in the top three of global bunkering volumes sold. ship&bunker reported that the fuel oil stocks in Fujairah are rising heavy fuel hitting a two year high according to the latest market data ahead of IMO-2020. According to Platts Fujairah inventory data, at the start of last week, heavy distillates and residues stood at around 15.5 million barrels with light distillates at just over 6 million barrels.
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imo news courtesy:ship&bunker
