While the MGO/VLSFO price spread was around $20 at the start of 2020, this has now increased to $77 (28 February). Expert: China launches low-sulfur fuel oil futures for pricing power While the post-IMO 2020 chaos some thought would happen never materialized, low-sulfur fuel prices are on a wild ride down as the bunker supply chain recalibrates under new market dynamics. Bunker Recovery Charge (currently based on the monthly average of the HSFO 380 CST index for each specific trade/service; from Q4 2019, low-Sulphur fuel oil 0.5% may apply, in order to be ready for 2020) (coefficient = fuel consumption per round trip ÷ TEUs carried round trip) BRC. The table shows bunker price for FO380cst (Fuel Oil with viscosity 380cst, also known as Intermediate Fuel Oil) with maximum sulphur 3.5% at port Istanbul in USD (US Dollars) per Metric tons (Mts). The IMO 2020 regulation led to increases of about 35-45% in The main type of “bunker” oil for ships is heavy fuel oil, derived as a residue from crude oil distillation. In Singapore, a tonne of very low sulphur fuel (VLSFO) today costs USD 724.50 compared to roughly USD 550 at the beginning of December, data from Ship&Bunker shows. In the opinion of trading house Gunvor a wide price gap between high sulphur and low sulphur bunker fuel will result from the new regulations for sulphur in 2020. Low sulphur fuel prices have also plunged at other Asian ports. Crude oil contains sulphur which, following combustion in the engine, ends up in ship emissions. As Torbjorn Tornqvist, oil trader’s CEO, mentioned recently that ship owners would naturally tend to opt for distillate fuel with a consequent fall in aggregate demand for high sulphur fuel oil in 2020. The current upheaval has collapsed marine gas oil low-sulphur (MGO LS) prices at the fastest pace in recent memory, even exceeding the demise of the Great Financial Crisis and oil crash … Fuel Price … With the coming into force of IMO 2020 very low sulphur fuel oil (VLFSO) prices have surged since mid-December nullifying the discount to marine gas oil (MGO). Low sulfur 1% bunker fuels: Platts assesses low sulfur 380 CST and 180 CST bunker fuel with a maximum sulfur limit of 1% at various ports. **MFO 380 CST sales maintain momentum to hit 995,000 mt **Nov LSFO sales rise 4.5% from Oct McManus estimates that European combined HSFO and LSFO demand is 750,000bl/d while gasoil demand stands at around 300,000bl/d. Shell has developed a variety of Higher fuel costs arise from the consumption of low-sulphur fuels. To check bunker prices for all the ports in Turkey click on Turkey. Low-sulfur fuel prices plummet as IMO 2020 transition fades Kevin Saville, Associate Managing Editor | Jan 31, 2020 2:02PM EST. In 2016, prices for low-sulfur gasoil, a type of distillate, have averaged over $20 per barrel more than high-sulfur fuel oil (residual oil for use as a fuel) to date. Only when carriers start actually using low-sulfur fuel later this year will the demand -- and the price -- be established. Higher fuel costs arise from the consumption of low-sulphur fuels. In Shanghai, for example, MGO has dropped $240 p/mt over the first two months of the year, while VLSFO has moved down from $738 p/mt to $440 – a $298 difference. Low-sulfur fuel supply fears wane; price still unclear Greg Knowler, Senior Europe Editor | Mar 21, 2019 2:26PM EDT. 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