Fuel oil prices are still high at the Far East ports of Russia (graph)
According to Bunker Price Bulletin of IAA PortNews, the average indicative price at the port of Vladivostok for high-sulfur product IFO-180 HS was $ 315 pmt, IFO-380 НS - $299 pmt (+$8), MGO price was $507 pmt.
Fuel shortage is still observed in the region. The shortage was caused primarily by prolonged work on the local railway in mid-August after the typhoon, fuel output reduction at local refineries due to scheduled repairs, soaring fuel prices at exchanges in the run up to the winter season.
Market players expect the situation improvement and price stabilization by mid-September.
Bunker prices at the port of Singapore have increased by $7 on the average.
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