Bunker Price Index 15-05-2020

Check out for Prices!

By Srinivas Chowdary Sunkara // petrobazaar // 15th May 2020.

BUNKERING NEWS

Bunker price Index consist of a range of prices for 380 HSFO, MDO , MGO in the main world hubs changed irregularly and insignificantly across the world major ports. In Singapore, HSFO 380 cSt prices unchanged at $175 while MDO prices went up $28 at $242 and MGO prices advanced $28 at $252 yesterday. Meanwhile, crude oil benchmark futures extended yesterday&#39s gains on reports of improved demand in China after the easing of curbs to stem the coronavirus outbreak. Analysts says that the fundamentals are clearly showing improvement over weekly reports of stocks are in wane. Minerva Bunkering sees now &#39very few&#39 ports where the availability of low sulfur fuel oil is a problem as published in ship&bunker. Following the global market pricing trends, Furnace oil retail prices in India may go down for the second half of May, 2020.

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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