:: Bunkering --- ID :: 17569
Bunker Price Index // 15-7-2020
Furnace oil prices may go up in India.

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


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 world major ports yesterday. In Singapore, HSFO 380 cSt prices traded $8.25 up to $264 while MDO and MGOLS prices were down by $6 and $.5 respectively to $328 and $379.5. The world crude oil price indexes edged up yesterday after looking at bullish weekly numbers and Today, Asian markets opened flat, looking for clues from JMCC meeting and EIA later today. 


Following the world fuel oil markets pricing trend during the first two weeks, Furnace oil retail prices are expected to be increased by Oil marketing companies in India for the second half of July. 


Ship&Bunker reported a drop in marine fuel sales in Singapore for the second month in a row in June with ref to the data from the country's Maritime and Port Authority (MPA). Vessels called to Singapore for bunkering dropped by 3.2% from a year earlier. Very low Sulfur fuel oil and 0.5% sulfur gas oil and diesel sales fell by 0.7% from May's levels to 2.708 million mt in June while High sulfur fuel oil sale advanced by 2.3% to 803800 mt as per MPA.

Good day to all.

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