Category archives: Fuel Oil

ENGINE: East of Suez Bunker Fuel Market Update 05/10/21

Bunker prices have risen sharply on the day across East of Suez ports, tracking higher Brent after OPEC+ defied calls to mitigate the global oil supply shortage by bringing more oil back into the market.   Changes on the day to 16.00 SGT (08.00 GMT) today:   VLSFO prices up in Fujairah ($21/mt), Singapore ($18/mt) …

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ENGINE: Europe & Africa Bunker Fuel Market Update 05/10/21

European and African bunker prices have surged higher on the back of Brent, after OPEC+ defied calls to mitigate the global oil supply deficit by sticking to its current output plan.   Changes on the day to 08.00 GMT today:   VLSFO prices up in Rotterdam ($23/mt) and Gibraltar ($10/mt), and steady in Durban LSMGO …

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FIS Fuel Oil Morning Report 05/10/21

Brent crude settled up $1.98, or 2.5%, to $81.26 a barrel. It rose 1.5% last week for a fourth consecutive weekly gain, and was back up to highs last seen in 2018.   Oil jumped to a three-year peak on Monday after OPEC+ confirmed it would stick to its current output policy as demand for …

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ENGINE: East of Suez Bunker Fuel Market Update 04/10/21

East of Suez bunker prices have recorded gains from Friday’s levels, tracking higher Brent values, and a tropical storm has halted bunker deliveries in Fujairah since Saturday.     Changes on the day to 16.00 SGT (08.00 GMT) today:   · VLSFO prices up in Zhoushan ($17/mt), and steady in Singapore and Fujairah · LSMGO …

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