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Bunker prices at port Novorossiysk, Russia, sink to fresh low in 2017

According to the IAA PortNews Bunker Prices Review, average bunker indications at the port of Novorossiysk are plunging following the global market trends.

Over a week oil prices have plunged globally by more than 8% to their lowest since December 2016.

Average price for IFO-380 НS was $260 per tonne (-$20), average price for MGO was $495 per tonne (-$35).

Maximum MGO price at the port of Novorossiysk is $510 pmt, minimum - $470 pmt, minimum heavy fuel oil price is $250 pmt.

At port Kavkaz prices range between $240 and $270 pmt.

The difference depends on the amount of sold bunker.

Bunker prices at the port of Istanbul fell by $25-30 on the average.