Baltic Exchange: Bunker Report (9 May 2024)

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

Commentary:

Despite inching lower following an unexpected rise in US inventories(API) in the previous session, oil prices rebounded during intraday trading following EIA’s official stats report, which highlighted that US crude oil inventories declined (-1.4mbbls) last week, overshadowing refined products combined increase of 1.5mbbls. As a result, physical bunker prices rallied by $10pmt in the USGC (VLSFO 0.5%), which saw a large jump in price differentials among suppliers.

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

Photo credit and source: Baltic Exchange
Published: 10 May, 2024