ENGINE: East of Suez Bunker Fuel Market Update 26/11/21

East of Suez bunker prices have come off sharply with Brent as the discovery of a new Covid-19 variant has triggered renewed oil demand concerns.   Changes on the day to 16.00 SGT (08.00 GMT) VLSFO prices down in Zhoushan ($22/mt), Singapore and Fujairah ($21/mt) LSMGO prices down in Zhoushan ($27/mt), Fujairah ($26/mt) and Singapore …

Oil and Products Morning Report 26/11/21

Good Morning. Crude oil futures plunged as investors were spooked by reports of a new COVID-19 variant from South Africa that appeared to evade immune responses, sparking a sharp sell-off in the broader financial markets. At 10:05 am Singapore time (0205 GMT), the ICE January Brent futures contract was down $1.13/b (1.37%) from the previous close …

ENGINE: Americas Bunker Fuel Market Update 25/11/21

Bunker prices have been rangebound in the Americas as Brent steadies after two days of sharp gains.   Changes on the day to 08.30 CST (14.30 GMT) today: VLSFO prices up in New York ($12/mt), Houston ($8/mt) and Balboa ($6/mt), steady in Los Angeles, and down in Zona Comun ($1/mt) LSMGO prices up in Houston …

ENGINE: East of Suez Bunker Fuel Market Update 25/11/21

East of Suez prices are mostly down with Brent, and bunkering may be suspended in Zhoushan next week due to bad weather.   Changes on the day to 16.00 SGT (08.00 GMT) VLSFO prices up in Singapore and Fujairah ($3/mt), and down in Zhoushan ($5/mt) LSMGO prices down in Zhoushan ($23/mt), Singapore ($3/mt), and in …

Europe & Africa Bunker Fuel Market Update 25/11/21

Bunker prices movements have been mixed across Europe and Africa in the past day, with most ports taking direction from dip in Brent values.   Changes on the day to 08.00 GMT today: VLSFO prices up in Rotterdam ($5/mt), and down in Durban ($13/mt) and Gibraltar ($1/mt) LSMGO prices steady in Gibraltar, and down in …

ENGINE: Americas Bunker Fuel Market Update 24/11/21

Americas bunker prices continue to rise with support from Brent, but none more so than Vancouver’s, which have surged after a storm cut off resupply lines.   Changes on the day to 08.30 CST (14.30 GMT) today: VLSFO prices up in Los Angeles and Zona Comun ($8/mt), Houston ($7/mt) and New York ($5/mt), and down …