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.
Disclaimer: Views and opinions expressed here are 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
