By Srinivas Chowdary Sunkara // petrobazaar // 13th August 2020.
The Bunker Price Index consist of a range of prices for 380 HSFO, MDO and MGO(Gasoil) in the main world hubs changed a little across the major world ports yesterday. In Singapore, HSFO 380 cSt prices traded $6.5 or 2.29% down at $277 and MDO prices traded $3.75 or 1.06% down at $347 while MGO price indexes showed upside momentum at $405. Following the global bunker price trends, Furnace oil prices in India may go down for the second half of August. Meantime, The world crude oil price indexes moved up yesterday after a weekly report showed a fall in U.S inventories. OPEC monthly report predicted downside revision in the global oil demand for the year 2020.
Fuel Oil Bunker Analysis Service (FOBAS) has warned of several recent instances of marine gasoil(MGO) with a flash points of 57 to 59 degrees C, Compared with the 60 degrees C minimum specification. In Such cases, It is advised to follow the best practice of safety guidelines to reduce the potential risk due to low flash point fuel as published in ship&bunker.
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