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June 23, 2018

Bunker Fuel

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NWE and Baltic Bunkers Commentary

New York (Platts)--08Mar18/0745 pm EST/ 0045 GMT

The bunker fuel market in Northwest Europe and the Baltic softened at a number of ports Thursday amid falling ICE Brent and gasoil futures, good supply, and moderate demand. Buying interest at Rotterdam remained subdued. "Demand is very, very calm," one supplier said. Availability at the port was good, sources said. Shell's 404,000 b/d Pernis refinery in the Netherlands has restarted units after major maintenance, the company said. It previously reported that works were under way in mid-February, when there was a minor fire at a furnace that was offline at the time. Separately, Pernis also said a separate, new unit was being prepared for start-up and existing installations were in the process of being adapted. The refinery has previously said that it was in the process of building a solvent deasphalter, which would enable it to remove heavier fractions from crude oil and increase the yield of lighter, high-grade products, such as diesel and gasoline. Demand for bunker fuel at Hamburg, Germany, was sufficient and supply satisfactory, sources said. The situation was similar at Gothenburg, Sweden. "There are no issues with availability," a supplier said.


Trends

Rotterdam 180 CST


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