Bunker Price Index 08-10-2019

Check out for Prices!

By Srinivas Chowdary Sunkara // petrobazaar // 8th Oct, 2019.

The Bunker Price Index consist of a range of prices for 180 HSFO, 380 HSFO and MGO(Gasoil) in the main world hubs demonstrated a down side revision  for last couple of sessions. In Singapore, Fuel Oil futures prices traded low yesterdat for the sixth continuous session. IFO 180 cSt and 380 cSt graded fuel oil prices dropped by $13 to $367.5 and $337.5 respectively while MGO prices are up by $15.5 to $589.5. The world crude benchmark prices were dipped slightly yesterday where as oil indexes opened high today in correlation with over night gains in commodity market and unrest in oil producing nations Iraq and Ecuador. 

IMO 2020 NEWS – INDIA&#39S STAND TO COMPLY IMO-2020 RULES

ship&bunker reported that the uncertainty looming over the India&#39s stand on implementation of IMO 2020 cap despite the country&#39s regulator of shipping, DG shipping taking an apparently clear stance on the matter. Ship owners and operators remain unclear whether use of scrubbers to comply is permitted within the country&#39s territorial waters or not. The uncertainty prevailed since the Singapore has banned the usage of open loop scrubbers and India had yet to develop a national policy on the subject matter. 

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

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

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