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May 25, 2018

Bunker Fuel

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Med and Africa Bunkers Commentary

New York (Platts)--06Dec17/0745 pm EST/ 0045 GMT

Falls in ICE Brent and gasoil futures and good availability of upstream high sulfur fuel oil weighed on bunker fuel prices in the Mediterranean, Black Sea and Africa Wednesday, with decreases at most ports. Demand in Gibraltar was quite good, a supplier said, with a trader pointing to some congestion. Eight bunker supply operations were in progress: two vessels were waiting to enter the port in order to bunker and two suppliers with vessels were waiting to enter the port, a spokesman for the port authority said Wednesday afternoon. Malta saw steady buying interest, sources said. "Demand is quite stable. Not too much, not too little, so quite good," a supplier on the island said. Supply of 180 CST fuel oil at Piraeus, Greece, was limited but other grades of fuel were in good supply, a trader said. Availability and demand in Istanbul were both heard mixed. Availability was on the tight side, one supplier said, although others said it was good. Demand was heard good to low. In Novorossiisk, Russia, demand was subdued and availability sufficient, sources said. Markets in West Africa and Durban, South Africa, were heard lower day on day.


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