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OPIS expands product portfolio offerings for Global Marine Fuels Report

26 Dec 2019

Price reporting agency Oil Price Information Service (OPIS), an operation under IHS Markit, has recently expanded its offerings in its Global Marine Fuels Report to include price discovery for additional bunker ports across Asia, Europe and the Americas, it said.

The daily price benchmarks found in the OPIS Global Marine Fuels Report, are based on full-day assessments.

In addition, the company has also expanded its OPIS-benchmarked ultra-low-sulfur-diesel (ULSD) prices for spot and rack markets across the U.S.

Diesel will be an essential component for the production of 0.5% sulphur (0.5%S) IMO 2020 compliant fuel, also known as very-low-sulphur fuel oil (VLSFO), and it already is a major component of marine gas oil (MGO), according to OPIS.

“Only the OPIS Global Marine Fuels Report offers bulk fuel oil, bunker, barge rates and LNG prices in a single publication, along with a British thermal unit (BTU) indicator that allows buyers to compare the energy content-per-dollar-spent on the various marine fuel grades available,” said Jennifer Brumback, director of refined products and renewable fuels for OPIS.

“As the benchmark for diesel fuel in select U.S. wholesale markets, OPIS is uniquely positioned to provide the most widely used pricing for the diesel products that will be a major component of the price and formulations of the new IMO 2020-compliant marine fuel blends.”

OPIS Global Marine Fuels Report now features ULSD benchmark rack prices for the following cities:

  • Houston
  • New York
  • Philadelphia
  • Norfolk, Virginia
  • New Orleans
  • Los Angeles
  • Seattle
  • Detroit
  • Vancouver, British Columbia

ULSD spot prices have been added to the OPIS Global Marine Fuels Report for:

  • Gulf Coast
  • New York Barge
  • Los Angeles
  • Pacific Northwest

New bunker ports in the OPIS report include:

Asia

  • Chiba, Japan
  • Busan, South Korea
  • Kaohsiung, Taiwan
  • Zhoushan, China

Europe

  • Antwerp, Belgium
  • Hamburg, Germany
  • Istanbul
  • Gibraltar
  • Piraeus, Greece

Americas

  • Philadelphia
  • Norfolk, Virginia
  • Vancouver, British Columbia
  • Manzanillo, Mexico
  • Veracruz, Mexico
  • Valparaiso, Chile

Photo credit: Manifold Times
Published: 26 December, 2019

 

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