By Srinivas Chowdary Sunkara // petrobazaar // 15th May, 2019
Fuel oil prices slumped further yesterday in Singapore market. Both the 180 cSt and 380 cSt graded fuel oil prices were tumbled by $15.5 or 3.4% during the yesterday's trade. MGO prices were down by $12.5. On the other hand, The global crude oil futures traded up by above 1% last night after Saudi said that its infrastructure was attacked by drones.
Coming to IMO-2020 compliance news, M/s Bunker One said that the compatibility problems with the newly emerging 0.5% sulfur bunker fuels can be predicted simply and with a relatively high certainty. The problems will most probably not be worse and likely to be overstated in future, Indicated by Bunker One. M/s Total Marine Fuels said that compatible fuels are more expensive to produce and the company would produce on a made-to-order basis.
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
IMO News courtesy:Shipandbunker