EMEA News
Market Sources: St Petersburg "Out of Bunker Fuel"
Tuesday October 11, 2016
Market sources say Russia's port of St Petersburg is said to be "out of bunker fuel," with dates for replenishment unclear, Platts reports.
Two St Petersburg-based bunker traders Monday said they were no longer quoting IFO because there was none available.
Another trader called the supply situation "problematic," noting that resupply cargoes were expected closer to the end of next week.
Yesterday, Ship & Bunker reported that bunker avails at the Port of St Petersburg had tightened on increased demand, providing support to prices.
Low sulfur marine gasoil is still be available at the port, said a source.
Average price indications for LSMGO Monday were $424/mt, according to Ship & Bunker data,
