By Srinivas Chowdary Sunkara // petrobazaar // 15th May 2020.
Bunker price Index consist of a range of prices for 380 HSFO, MDO , MGO in the main world hubs changed irregularly and insignificantly across the world major ports. In Singapore, HSFO 380 cSt prices unchanged at $175 while MDO prices went up $28 at $242 and MGO prices advanced $28 at $252 yesterday. Meanwhile, crude oil benchmark futures extended yesterday's gains on reports of improved demand in China after the easing of curbs to stem the coronavirus outbreak. Analysts says that the fundamentals are clearly showing improvement over weekly reports of stocks are in wane. Minerva Bunkering sees now 'very few' ports where the availability of low sulfur fuel oil is a problem as published in ship&bunker. Following the global market pricing trends, Furnace oil retail prices in India may go down for the second half of May, 2020.
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