Bunker Price Index 12-06-2020

Check out for Prices!

By Srinivas Chowdary Sunkara // petrobazaar // 12th June 2020.

BUNKERING NEWS

The Bunker Price Index consist of a range of price for 380 HSFO, MDO and MGO(Gasoil) in the main world hubs traded flat yesterday. In Singapore, HSFO 380 cSt prices traded at $242.75 after a drop of 6 pct in the previous session while MDO and MGO prices were remained unchanged at $314.25 and $351.5 respectively after a dip in the earlier session. Fuel oil exports from Middle eastern oil hub of Fujairah dropped to 18 month low in May as per S&P global platts, published by ship&bunker. Rising freight rates in April and May as well as good availability of fuel oil in Asia-Pacific region, kept the need for exports from the Middle East low.Meanwhile The world crude benchmark price indexes slumped yesterday after a climb in corona virus cases in U.S that has raised the prospect of  second wave of the outbreak slamming the demand in the world&#39s biggest consumer of fuel and crude.



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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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