30-07-2016

Weaker ruble opens St Petersburg bunker discount window: sources

bunkerfuel

Bunker prices have fallen back in the Russian Baltic port of St Petersburg on lower crude prices and a fall in the ruble against the dollar after a brief upward push at the beginning of the week, market sources said.

“The domestic price [of fuel oil] is going down, allowing for greater opportunities to offer discounts,” a trader said.

Bunker sources in the port on Friday morning were indicating 380 CST fuel oil at $145/mt and low sulfur marine gasoil at $360/mt, compared with Platts assessments Thursday of $160.50/mt and $370.50/mt, respectively.

The St. Petersburg bunker market includes a wide range of prices. With marine gasoil, for example, some suppliers only offer the grade in combination with fuel oil stems while others offer it as a standalone product.

Source:  Platts 

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