By Srinivas Chowdary Sunkara // petrobazaar // 18th Sep, 2018.
Fuel oil prices are trading flat across the market. Fuel oil 180 cSt and 380 cSt grades are inched up a little for last two days. MGO prices remained unchanged. The front month 380 cSt barge crack discount to Brent crude held steady on Monday despite rising crud oil prices. U.S sanctions on Iranian oil and trade war affects on oil demand are in focus. It seems markets are not convinced despite of assurances by Saudi and Russia to compensate Iran oil after Nov. In India, Oil marketing companies pushed Fuel oil prices up on 16th of Sep.
Exxon Mobil recommends that CCM's sulfur test is helpful for the crew onboard to fully comply with IMO 2020. It is emphasizing to ensure tank cleaning before 2020 and any contamination with the old fuel could put the vessel off spec.
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