By Srinivas Chowdary Sunkara // petrobazaar // 12th August, 2019.
The World Bunker Index consist of a range of prices for 180 HSFO, 380 HSFO and MGO (Gasoil) in the main world hubs closed with insignificant changes on Friday. In Singapore, Both the 180 cSt, 380 cSt, MGO and MGOLS graded fuel oil futures prices remained unchanged during the previous session. The World crude oil benchmark indexes rebounded on a report of European Inventory drawings. The Oil complex is also being supported by the more production cuts by OPEC to re-balance the market.
Ship&Bunker reported that Stena Oil says that it is ready to supply IMO 2020 compliant 0.5% max sulfur VLSFO in Scandinavia. The straight run product meets ISO 8217:2010 RMG 380 spec with typicals that include density of 0.945 kg/L, Viscosity of 234 cSt and a sulfur content of 0.47%. The product will be offered alongside its existing range of MGO 0.1%S ULSFO and 3.5%S IFO380 bunkers. The supplier says it will also continue to offer its 3.5%S after the global 0.5% cap comes into fore to cater to scrubber equipped tonnage as per 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