By Srinivas Chowdary Sunkara // petrobazaar // 29th Dec 2020.
BUNKERING NEWS
The Bunker Price Index consist of range of prices for 380 HSFO, MDO and MGO(Gasoil) in the main world hubs traded mix across the major world ports yesterday. In Singapore, HSFO 380 cSt prices traded $1 or 0.31% down at $320.25 while MDO and MGO price indexes showed a upward evolution at $411.75 and $440.25 respectively. Meantime, The world crude oil price indexes demonstrated downward evolution after erasing early trade gains yesterday. The optimism over U.S stimulus package, EU vaccination campaign counteracted by lower demand outlook and prospectus of higher OPEC+ output.
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