Monthly archives: November 2021

ENGINE: Americas Bunker Fuel Market Update 4/11/21

Bunker prices have mostly been rangebound in the Americas in the past day, while Houston has seen notable price gains against other ports.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in Houston ($4/mt), steady in Balboa, and down in New York ($2/mt), Los Angeles and Zona Comun ($1/mt) …

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ENGINE: East of Suez Bunker Fuel Market Update 4/11/21

East of Suez bunker prices are down for a second day today, tracking lower Brent values ahead of today’s OPEC+ meeting.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices down in Zhoushan ($11/mt) and Singapore ($4/mt), and steady in Fujairah LSMGO prices down in Zhoushan ($9/mt), Fujairah ($3/mt) and Singapore …

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ENGINE: Europe & Africa Bunker Fuel Market Update 4/11/21

European and African bunker prices have mostly dropped with crude after a big stock build in the US, and several Mediterranean ports are experiencing supply issues.   Changes on the day to 08.00 GMT today: VLSFO prices down in Rotterdam ($7/mt), Gibraltar ($3/mt) and Durban ($2/mt) LSMGO prices down in Rotterdam and Durban ($9/mt) and …

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Morning Tanker FFA Report 4/11/21

News Headlines:   Sinopec signs China’s largest long-term LNG contract with U.S. firm (Reuters) China’s Sinopec (600028.SS) has signed a contract with U.S. Venture Global LNG to buy 4 million tonnes of liquefied natural gas (LNG) annually for 20 years. The deal is the largest LNG long-term contract signed between Chinese and U.S. companies, Venture Global said …

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Oil Morning Report 4/11/21

NYMEX December WTI settled $3.05 lower at $80.86/b and ICE January Brent declined $2.73 to $81.99/b.   EIA week ending 10/29 Crude oil: +3.3M Gasoline: -1.5M Distillates: +2.2M Refiner utilz: 86.3% Impld mogas demand: 9.50Mbpd   The crude build was largely in line with recent market expectations. American Petroleum Institute data released late Nov. 2 …

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