By Srinivas Chowdary Sunkara // petrobazaar // 10th June, 2019.
Fuel Oil (F.O) futures prices settled up on Friday, Closing the week 0.81% higher in Singapore market. Both the Fuel oil (F.O) 180 cSt and 380 cSt graded futures prices rose $14 to $427.5 and $395.5 while MGO prices advanced $11.5. The global crude markers bounced back from major plunge last week and trading higher on supply tightening talk by producer's group.
Bunkering market may lose consistency on the supply side of coming 0.5% sulfur bunker fuel compared to 3.5% sulfur heavy fuel oil market as per Mr.Nigel Draffin. Mr.Draffin, Who is a marine engineer and author on bunker fuels says that there will be sufficient IMO-2020 compliant fuel available for those who want it, But every grade may not be available in every port. He suggested that the market should readjust and move fuel to where it is needed. He is in the opinion that the blending is the common enough practice in the industry but the balance will be different.
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IMO news courtesy:ship&bunker