By Srinivas Chowdary Sunkara // petrobazaar // 21st Sep, 2018.
Fuel oil prices in international markets are dipped today after a sharp rally for last three days. In Singapore, Both 180 cSt and 380 cSt graded fuel oil front month futures slipped by $2.5 or 0.49 pct from earlier close. Both the fuel oil markers are surged up by $8.5 with 1.7 pct hike during the week. MGO prices spiked sharply during the week. Shrinking net imports of fuel oil into Singapore, in the week ended Sep, 19th pulled down overall fuel inventories by 4 pct to a two week low of 15.288 Mb or about 2.81 Mt as per FIS publication today.
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