By Srinivas Chowdary Sunkara // petrobazaar // 28th May, 2019.
Fuel Oil (F.O) futures prices are settled up yesterday in Singapore Market. Both the 180 cSt and 380 cSt graded fuel oil futures prices were closed $1 or 0.23% higher from previous session while MGO prices are settled $3 up at $601.5 yesterday. The global crude oil futures prices are recovering significantly from last week massive tumble as the Middle East tensions and fall of Russia supply factors are pushing prices up.
Turning to IMO2020 News, NYK and fellow NYK group company Nippon Yuka Kogya co. Ltd have developed a fuel additive aimed at reducing potential problems with the news bread of IMO2020 fuels. The additive improves safety by helping to avoid troubles that may be caused by certain contents of VLSFO as per NYK.
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