By Srinivas Chowdary Sunkara // petrobazaar // 26th Oct 2020.
BUNKERING PRICE INDEX
The Bunker Price Index consist of a range of prices for 380 HSFO, MDO and MGO(Gasoil) in the main world hubs traded up across the major world ports on Friday. In Singapore, HSFO 380 cSt prices traded $7.75 or 2.75% up at $289 while MDO prices rose $7.5 or 2.23% to $343.75 and MGO price indexes showed a downward evolution at $343.5. Meantime, The world crude oil price indexes moved down last week logged in weekly losses buoyed by weak china numbers, spike in U.S stocks and lingering worries over surge in virus cases.
Russians fuel oil exports fell 5.1% in Sep due to lower output. The European bunker hub, Rotterdam will apply bunker supply license from Feb, 2021. panama banker sales rose by 1.4% from Aug to Sep. Taiwan state owned oil company, CPC corporation suspended bunker fuel supplies at the port of Taichung due to unexpected barge problem.
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