The cost of very low sulphur fuel oil (VLSFO) has continued to fall as has the price of 380 heavy fuel oil (HFO), the cost of which declining at a slower pace while the price of 180 HFO has remained stable.
Only the Central American region recorded price increases for the distillate marine gas oil (MGO) and VLSFO. All other regions reported price falls with North Europe reporting a US$6.25/tonne fall in VLSFO price while both categories of HFO remained stable.
Asia and the Middle East and African regions also saw price falls in excess of US$4/tonne.
Globally the price of VLSFO remained high at US$624/tonne a fall of US$3/tonne, with HFO also falling by US$1.65/tonne, gradually reducing the spread between the blended and residual fuels.
