Baltic Exchange: Bunker Report (2 February, 2023)

The following bunker report has been provided by freight market information provider Baltic Exchange for post on Singapore bunkering publication Manifold Times:

Commentary: 

This week’s biggest losses are in the Low sulphur MGO Atlantic basin markets – with Houston and A-R-A down 9% and 10.6% respectively. Concerns about the ‘winter that never was’ in traditional heating oil demand areas have enable a slight surplus of distillates for the marine fuel sector. Indeed, with colder temperatures in Texas than the US Northeast, s&d fundamentals are upended on both ends of the pipe. Crude oil supply is substantial to say the least, and the demand picture is muddled, on a global basis.

Note: 

All values are in US$/metric ton, all-in (invoice price), delivered on board
Delivery in 7-10 days
ISO 8217:2010
IFO 380 3.5% Sulphur
IFO 380 0.5% Sulphur
DMA 0.1% Sulphur

Rotterdam – Waalhaven – Maasvlakte range
Houston – Houston Harbor
Singapore – Anchorage, under SBA Scheme
Fujairah – Offshore Anchorage Area 

Submitted weekly at Close of Business on Thursdays 

Panellists:
Island Oil Limited, Cockett Marine Oil Pte, Monjasa A/S, KPI OceanConnect, Transparensea Fuels

Photo credit and source: Baltic Exchange
Published: 3 February, 2023