By Srinivas Chowdary Sunkara // petrobazaar // 12th June, 2019.
Fuel Oil (F.O) futures prices continued to slid yesterday. Both the 180 cSt and 380 cSt graded Fuel Oil (F.O) prices closed $4 lower at $422.5 and $390.5 respectively where as the MGO prices declined by $10 to $551.5. The global crude oil futures prices settled flat yesterday due to unchanged fundamentals. The demand outlook is central to the oil markets now a days.
Total has offered low sulfur fuel oil (LSFO) to customers on a trial basis and no issues have been reported so far as per the report. The French oil company says that the Low viscosity bunker fuel should not present a problem to ship's engines as the industry switches to low sulfur grades of fuel oil. Speaking to Argus Media, The M.D said that the placing number of constraints on the specification could lead to more costs for the customers and Low viscosity fuel oil can be made available with specific viscosity for the buyers who need it, But it will cost more. A handful of suppliers in Singapore are currently offering 0.5% sulfur marine fuels with viscosity ranging any where from 10-360 cSt as per Argus Media.
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IMO News courtesy:ship&bunker