Singapore 380 CST high sulfur bunker fuel prices dipped to a 21-month low of $586/mt, on the back of weak demand and bearish crude.
The outright price was last lower June 29, 2012, when it was $578.50, Platts data showed.
Singapore 380 CST prices have shed $40/mt since the year-to-date high of $626/mt on January 21.
Traders said spot demand has been week as buyers hold out for lower prices and due to excess supply arriving from Europe and the Americas.
The cash differential for 380 CST HSFO flipped into a discount early last week and has since fallen further to minus $1.49/mt Wednesday, Platts data showed.
The cash differential for physical fuel oil represents the price
EU ports enter LNG joint venture
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- Category: Energía y Combustibles
- Published on Tuesday, 06 May 2014 08:52
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29 Apr 2014
The ports are joining forces to introduce LNG to inland shipping on the Rhine-Main-Danube corridor. Photo: Claudio.Ar/Flickr
The port authorities of Antwerp, Rotterdam, Mannheim, Strasbourg and Switzerland are joining force to introduce LNG in the Rhine-Marin-Danube corridor.
The agreement involved co-operation in research, promotion, knowledge transfer, and legislation and bunker infrastructure.
It follows on from the LNG Master Plan of the Rhine-Main-Danube corridor in which all parties are involved. The aim of the plan is to put LNG to full scale use as a fuel for inland shipping on the Rhine-Marin-Danube corridor.
Keen to take advantage of the new offering, the Danser Group, supported by the LNG Master Plan, has
BUNKER PRICES (02/05/2014)
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- Category: Energía y Combustibles
- Published on Monday, 05 May 2014 02:55
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PRECIOS DEL BUNKER
|
PORTS |
IFO380 |
IFO180 |
MDO |
MGO-0.1%, L.S |
|
PIRAEUS |
590.00 |
-2 |
623.00 |
-2 |
0.00 |
0 Ø |
916.00 |
-4 |
|
ISTANBUL |
603.00 |
-2 |
633.00 |
-2 |
0.00 |
0 Ø |
945.00 |
0 Ø |
|
FUJAIRAH |
595.00 |
0 Ø |
630.00 |
0 Ø |
0.00 |
0 Ø |
970.00 |
-5 |
|
SINGAPORE |
580.00 |
-5 |
597.00 |
-5 |
892.00 |
-8 |
899.00 |
-11 |
Houston Fills With Crude Oil That Can’t Be Shipped Out
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- Category: Energía y Combustibles
- Published on Thursday, 10 April 2014 06:52
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Houston Fills With Crude Oil That Can’t Be Shipped Out
Houston and the rest of the U.S. Gulf Coast have more crude oil than the region can handle.
Stockpiles in the region centered on Houston and stretching to New Mexico in the west and Alabama in the east rose to 202 million barrels in the week ended April 4, the most on record, Energy Information Administration data released yesterday show.
Storage tanks are fillingas new pipelines carry light, sweet oil found in shale formations to the coast and U.S. law keeps companies from moving it out. Most crude exports are banned and the 13 ships that can legally move oil between U.S. ports are booked
Bunker prices 16.04.2014
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- Category: Energía y Combustibles
- Published on Wednesday, 16 April 2014 08:27
- Hits: 2177
|
PORTS |
IFO380 |
IFO180 |
MDO |
MGO-0.1%, L.S |
|
PIRAEUS |
595.00 |
625.00 |
0.00 |
930.00 |
|
ISTANBUL |
610.00 |
638.00 |
0.00 |
950.00 |
|
FUJAIRAH |
595.00 |
630.00 |
0.00 |
975.00 |
|
SINGAPORE |
585.00 |
607.00 |
892.00 |
902.00 |
|
ROTTERDAM |
580.00 |
596.00 |
0.00 |
890.00 |
|
HOUSTON |
595.00 |
659.00 |
0.00 |
983.00 |
|
SANTOS |
605.00 |
627.00 |
0.00 |
980.00 |
|
PIRAEUS |
595.00 |
625.00 |
0.00 |
930.00 |
Singapore 380 CST bunker fuel prices fall to 21-month low on poor demand
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- Category: Energía y Combustibles
- Published on Friday, 04 April 2014 05:52
- Hits: 2120
Friday, 04 April 2014 | 00:00
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