Bunker Price Index 11-12-2019

Check out for Prices!

By Srinivas Chowdary Sunkara // petrobazaar // 11th Dec 2019.

BUNKERING NEWS

The Bunker Price Index consist of a range of prices for 180 HSFO, 380 HSFO and MGO(Gasoil) in the main world hubs closed irregular and insignificantly. IFO 180 cSt and 380 cSt graded fuel oil prices rose $2 or 0.53% to $380 and $350 respectively while MGO futures prices lost $5.5 at $587.5 yesterday. On the other hand, The world crude oil price indices inched up yesterday as the OPEC+ group decision on deepening supply cuts kept a flour while delay in trade agreement continued to add concerns to the trade worries around the market, clouded the demand outlook.

IMO-2020 NEWS

Data from &#39Time To Bunker&#39, a bunkering app shows that over 50% of November bunker sales in Rotterdam were for IMO-2020 Grade 0.5% VLSFO bunkers as published in ship&bunker. The ports says that VLSFO sales in Sep were 1.700 tonnes, October 32,000 tonnes and November 95800 tonnes as per app data. The VLSFO percentage within the total fuel oil sales grew from 1.8% in Sep to 51.6% in November. 

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 2020  news courtesy: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

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