By Srinivas Chowdary Sunkara // petrobazaar // 22nd May, 2019.
Fuel Oil prices are edged down yesterday after a flat trade in the earlier session in Singapore market. Both the 180 cSt and 380 cSt graded fuel oil futures prices are closed $2 down yesterday while MGO traded down by $13. Crude markets are also trading safe after Trump threatening Iran with 'great force' following the Saudi initiated to restore peace in the region. U.S stocks are also expected to pile up last week as per weekly reports weighed on.
Turning to IMO-2020 News, IMO has completed guidelines aimed at ensuring consistent enforcement of the upcoming global 0.5% sulfur cap on marine fuel. The full report is available over https://ibia.net/mepc-74-completes-imo-2020-guidelines/. The guidelines cover everything from how new fuel blends may affect machinery to best practice for bunker suppliers on assuring the quality of fuel oil delivered to ships.
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