Bunker Price Index 12-2-2020

Check out for Prices!

By Srinivas Chowdary Sunkara // petrobazaar // 12th Feb 2020.

BUNKERING NEWS

The Bunker Price Index consist of a range of prices for 380 HSFO, MDO and MGO(Gasoil) in the main world hubs traded mix across the major world ports yesterday. In Singapore, HSFO 380 cSt prices traded $3.66 or 1.17% up at $314.58 while MDO and MGO price indexes showed a downward evolution at $511.16 and $521.16 respectively. Meantime, The world crude oil price indexes moved up after a report that the number of new virus cases slowed in China. The global equity markets also propped up oil prices.

IMO-2020 NEWS

Argus media said that Distillate bunker demand in the Amsterdam – Rotterdam – Antwerp market rivals that of low sulfur product.  The report says that distillate demand has picked up from the start of the year when 0.5% product was in the ascendent. 

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

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

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