Bunker Price Index 13-1-2020

Check out for Prices!

By Srinivas Chowdary Sunkara // petrobazaar // 13th January 2020.

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 changed insignificantly in a mixed market on late week. In Singapore market, 180 cSt and 380 cSt graded fuel oil futures prices remained unchanged on Friday to settle at $418 and $388 respectively while MGO futures prices dropped $10 to $709 on Friday. Fuel oil futures in Singapore market registered  a weekly gain of $2 or 3.59%. Meanwhile the world crude oil benchmark futures sagged down to post a weekly loss after erasing the gains followed by U.S drone attacks on Iran. 

IMO-2020 NEWS

On the event of marine fuel demand shifting to cleaner fuels, Australia&#39s Santos Ltd sold a cargo of March loading Pyrenees, a dense and low-sulfur oil at a premium of about $31 a barrel over dated Brent. This is the equivalent to just under $100 a barrel given that the global benchmark is trading at about $65. Heavy sweet crude like Pyrenees give a high yield of low-sulphur middle distillates when refined, making them ideal for refining industry seeking to maximise distillate output.

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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