By Srinivas Chowdary Sunkara // petrobazaar // 28th August, 2018.
Fuel oil prices were flat across the global markets. Both IFO 180 cSt and 380 cSt graded fuel oil prices went down by $3 with 0.61 pct change in Singapore markets on Monday while MGO prices were remain steady with no change from previous closing. Following the international fuel oil prices with the deep weakening of rupee/$ trended to push furnace oil prices down in the Indian retail markets.
IMO deadline is approaching to vessel operators to comply 0.5 percent cap on sulphur emissions. Vessels with scrubbers will continue to use HFO and high-BN oils while those who opt to switch over to low-sulphur fuels will need correspondingly low-BN formulations. These vessels must deplete their stocks of high-BN cylinders oils prior to the IMO deadline to avoid waste and disposal costs. Another benefit of the sulphur cap is that vessel will be able to streamline their lubricant inventory as only one cylinder oil will be required.
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