Repost: Delivered HSFO prices in Singapore, the world’s largest bunkering hub, have dropped to the lowest level in 17 months this week.
Singapore’s HSFO price reached $/mt on Monday, according to Ship & Bunker prices, the lowest level sinceMay 21, 2021.The price subsequently rallied and reached $/mton Thursday.
Singapore’s HSFO discount versus Ship & Bunker’sG20 indexof average bunker prices at20 leading bunkering locationswidened to$/mton Monday, the most sinceJuly 25.
HSFO prices in Asiaare dropping sharply on the expectation that more Russianfuel oil will end up there towards the end of this year as the EU seeks to eliminate Russian oil imports.
