Singapore bunker prices rose on Friday, while the differential to fuel oil cargo values jumped to $18-$19 a tonne, traders said. Prices for 380-centistoke (cst) bunker fuel were pegged at $324-$326 a tonne.
While its differential to fuel oil cargo rose to $18.50, up by $7.85 from the previous close. "As long as you have cargoes you are king now... the market is desperate for oil, which in turn has buyers staying away," a bunker trader said.
Comments
Comments are closed.