:: Bunkering --- ID :: 17672
Bunker Price Index // 20-08-2020
Fuel oil prices inched up in Singapore market

By Srinivas Chowdary Sunkara // petrobazaar // 20th August 2020.


The Bunker Price Index consist of a range of prices for 380 HSFO, MDO and MGO(Gasoil) in the main world hubs traded down across the major world ports yesterday. In Singapore, HSFO 380 cSt prices traded $1.5 or 0.51% up at $290.50 while MDO and MGO price indexes showed a downward evolution at $349.25 and $383.00 respectively. Meantime, The world crude oil benchmark price indexes are moving sideways since early this week since the traders are waiting for fresh clues apart from data. The global oil prices are estimated to be in the current range and expected to respond to bearish factors. The 15 - strong crew on a ship calling at Singapore to refuel and for repairs tested positive for COVID-19. The crew came from India, The Maritime and Port Authority said as published in 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