Baltic Exchange: Bunker Report (18 May, 2023)

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

Commentary:

Very minor changes in bunker pricing across the four primary regions vs last week, as the overall energy & commodities sectors are adrift and leaning towards bearish territory. U.S. politics and debt limit negotiations are at the center of most economic radar screens today, along with a mixed general economic view as we approach mid-year. In refined products, there is an inventory overhang in most of the E.U., and stockpiles are building in the US as well. Fujairah has increasing oil stocks across the clean product sector, and while demand for bunker fuel in the mid-East is rising, availability remains solid. In the west, however, demand for bunker stems in Panama is on the wane, and marine fuel prices in the US Gulf are essentially flat vs last week.

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: 19 May, 2023