By Srinivas Chowdary Sunkara // petrobazaar // 15th May, 2019
Fuel oil prices slumped further yesterday in Singapore market. Both the 180 cSt and 380 cSt graded fuel oil prices were tumbled by $15.5 or 3.4% during the yesterday's trade. MGO prices were down by $12.5. On the other hand, The global crude oil futures traded up by above 1% last night after Saudi said that its infrastructure was attacked by drones.
Coming to IMO-2020 compliance news, M/s Bunker One said that the compatibility problems with the newly emerging 0.5% sulfur bunker fuels can be predicted simply and with a relatively high certainty. The problems will most probably not be worse and likely to be overstated in future, Indicated by Bunker One. M/s Total Marine Fuels said that compatible fuels are more expensive to produce and the company would produce on a made-to-order basis.
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IMO News courtesy:Shipandbunker
