:: Bunkering --- ID :: 15204
Bunkering news/08-08-2018
Fuel oil prices recovering

By Srinivas Chowdary Sunkara // petrobazaar // 8th August, 2018.

Fuel oil prices in Singapore market recovered yesterday. Both the 180 cSt and 380 cSt graded fuels recovered $2.5 or 0.5% from earlier closing. Asia's fuel market started week on Monday but Fundamentals remained supportive as the tight supplies and firm demand continued. As per the reports, IMO 2020 started impacting the fuel oil stocks as the bunker fuel inventories are at a nine-year low of 14.8 Mb in Singapore. If stocks continued to deplete, prices will spike.

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