By Srinivas Chowdary Sunkara // petrobazaar // 25th March 2020.
Bunker Price Index consist of range of prices for 380 HSFO, MDO and MGO(Gasoil) in the main world hubs traded mix yesterday. In Singapore, HSFO 380 cSt graded fuel oil prices edged $1.12 down to $188.75 while MDO and MGO prices traded up at $275 and $285 respectively. Meanwhile, Today morning the world crude oil benchmark price indexes continued upward momentum for the straight third session alongside broader financial markets as the Unite States is expected approve a massive aid package to stem the economic impact of the corona virus pandemic. Ship and bunker reported that all sectors remained operational at the port of Rotterdam despite measures to contain COVID-19 pandemic. The authority said that all sea-going vessels are required do submit medical declaration of health before entering the port area at Rotterdam as per the report.
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