Bunker Price Index 15-4-2020

Check out for Prices!

By Srinivas Chowdary Sunkara // petrobazaar // 15th April, 2020.

BUNKERING NEWS

The Bunker Price Index consist of a range of prices for 380 HSFO, VLSFO, MDO and MGO traded up across the world major ports. Fuel oil 380 cSt futures prices went up $13.25 to $224, MDO futures prices went down while MGO futures prices settled $6.5 up at $277 yesterday. Followed by the drop in crude oil prices and marine fuels left the VLSFO prices converging to the closest levels on record at the top bunkering hubs. The VLSFO spread between the most and least expensive narrowed by $7.50/mt to $23/mt on Monday according to ship&bunker. Meanwhile, The world crude oil bench mark futures indexes moved down as the markets apparently unconvinced that record supply cuts could soon balance markets plummeted by the coronavirus pandemic.

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

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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