By Srinivas Chowdary Sunkara // petrobazaar // 17th August, 2018.
Fuel oil prices slid by 2.65% during last two days. Both the 180 cSt and 380 cSt graded fuel oil spreads slipped to a more than one week low on Wednesday and continued falling on yesterday. Easing of tight supplies into the Singapore market and estimated higher flows of fuel oil pushed prices down. Bearish bench mark crude oil prices in the international markets also weighed on products markets.
Many of the Vessel owners preferred to back the technology to meet IMO 2020 standards. Opting for scrubbers and installing new advanced engine fans that reduce fuel consumption by 5% will avoid use higher priced, less available low sulphur fuels as per the reports.
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