:: Bunkering --- ID :: 17082
Bunker Price Index // 11-02-2020
Fuel oil futures prices sagged down in Singapore market.

By Srinivas Chowdary Sunkara // petrobazaar // 11th Feb 2020.

BUNKERING NEWS

The Bunker Price Index consist of a range of prices for 180 HSFO, 380 HSFO, MDO and MGO(Gasoil) in the main world hubs, Sagged down across the major world ports yesterday. In Singapore, Fuel oil 380 cSt graded fuel oil futures traded down $10 or 2.9% at $305  while MDO and MGO 0.1 LS futures prices closed $23.01 down at $513.1 and $523.1 respectively during the yesterday's session. Meanwhile the world crude benchmark indexes continued to experience down ward pressure on mounting signs of dent in Chinese demand on the outbreak of Corona virus.

IMO-2020 NEWS

Indian started to export IMO-2020 graded bunker fuel from Kochi port. India's Bharat Petroleum Corporation Limited dispatched 15000 mt of VLSFO cargo from Kochi port. This represented a national first for the oil seller. As per company's representative as published in ship&bunker, Domestic demand has been met allowed the export cargo to Singapore.

Disclaimer: Views and opinions expressed here are personal. This commentary is  for  information purposes only and not an offer or a solicitation to sell or buy any physical commodities or financial instruments. The views and analysis are based on reliable public information available at the time of writing. This report and its content cannot be copied, redistributed or reproduced in part or whole without the prior written permission of petrobazaar.com

imonews courtesy:ship&bunker