USD 64.4711

0

EUR 71.5307

0

BRENT 68.66

+8.51

AI-92 42.39

-0.01

AI-95 46.12

+0.01

AI-98 51.91

0

Diesel 46.14

+0.01

37

St. Petersburg Bunker avails show improvement following shortage

Market sources said that bunker fuel availability at the Russia's port of St Petersburg had improved.

St. Petersburg Bunker avails show improvement following shortage St. Petersburg Bunker avails show improvement following shortage


Market sources said that bunker fuel availability at the Russia's port of St Petersburg had improved on October 13, 2016, Platts reports.

 

St Petersburg was said to be «out of bunker fuel» earlier this week, with dates for replenishment unclear.

However, one St Petersburg bunker trader has said that availability is now back to normal in the port.

 

«Availability is not quite up to normal levels but much better,» said another bunker trader who was noted to have fixed a sizeable stem Wednesday morning.

Average price indications for Tuesday were $218 per metric tonne (pmt), up from $186.50 pmt a week before, according to Ship & Bunker data.

 

The news comes following a below-average month in September, indicating that the market could be returning an expected level of demand.

«Demand is big these days, in all ports both in the Baltic and Black sea,» said a St Petersburg-based trader.

Rising crude prices resulting from a proposed OPEC production freeze is said to be one reason for the firmer market conditions.

Source : Neftegaz.RU