- News
- Insights
- Bunkerworld .
- Bunkerworld Index: Prices rising with crude, but demand remains weak
.
-
Apr 14
-
Apr 13
-
Apr 9
-
Apr 7
-
Apr 5
-
Mar 31
-
Mar 23
-
Mar 19
-
Mar 17
-
Mar 12
-
Mar 5
-
Mar 4
-
Mar 3
-
Mar 1
-
Feb 25
-
Feb 24
-
Feb 22
-
Feb 17
-
Feb 10
-
Feb 9
-
Feb 5
-
Feb 1
-
Jan 27
-
Jan 25
-
Jan 22
-
Jan 20
-
Jan 18
-
Jan 13
-
Jan 11
-
Jan 8
-
Jan 7
-
Jan 4
-
Dec 31
-
Dec 28
-
Dec 24
-
Dec 21
-
Dec 14
-
Dec 9
-
Dec 9
-
Dec 8
-
Dec 4
-
Dec 2
-
Dec 1
-
Nov 30
-
Nov 27
-
Nov 25
-
Nov 23
-
Nov 17
-
Nov 16
-
Nov 11
-
Nov 10
-
Nov 6
-
Nov 5
-
Nov 4
-
Nov 2
-
Oct 29
-
Oct 27
-
Oct 23
-
Oct 22
-
Oct 20
-
Oct 14
-
Oct 12
-
Oct 6
-
Oct 5
-
Sep 30
-
Sep 29
-
Sep 25
-
Sep 21
-
Sep 18
-
Sep 16
-
Sep 15
-
Sep 14
-
Sep 9
-
Sep 8
-
Sep 4
-
Sep 2
-
Aug 31
-
Aug 27
-
Aug 25
-
Aug 20
-
Aug 19
-
Aug 14
-
Aug 12
-
Aug 7
-
Aug 6
-
Aug 4
-
Jul 31
-
Jul 30
-
Jul 29
-
Jul 28
-
Jul 24
-
Jul 20
-
Jul 16
-
Jul 13
-
Jul 9
-
Jul 9
-
Jul 7
-
Jun 30
-
Jun 26
-
Jun 25
-
Jun 23
-
Jun 22
-
Jun 22
-
Jun 19
-
Jun 16
-
Jun 10
-
Jun 9
-
Jun 5
-
Jun 2
-
May 29
-
May 26
-
May 21
-
May 20
-
May 15
-
May 12
-
May 8
-
May 5
-
May 4
-
May 1
-
Apr 28
-
Apr 24
-
Apr 23
-
Apr 22
-
Apr 21
-
Apr 20
-
Apr 17
-
Apr 16
-
Apr 16
-
Apr 3
Singapore traders wait to see if firm sentiment continues post-Lunar New Year
Europe, Latin America weather sluggish demand amid higher bunker prices
The S&P Global Platts Bunkerworld Index has risen through the week as Brent crude prices reached a one-year high above $61/b.
The BW0.5%S Index ended Feb. 11 at $486/mt, down $4/mt day on day but up $18/mt on the week and $39/mt higher than 30 days previously.
The BW380 Index, which represents value for 3.5% sulfur fuel oil, was up $1.50/mt on the day to $381/mt to be $10/mt higher on the week and $21/mt on the month.
Saudi Arabia’s 1 million b/d production cut in February and March has lent support to crude markets, as has the COVID-19 vaccine rollout.
The US Energy Information Administration raising its crude price forecast in its monthly Short-Term Energy Outlook on Feb. 9. The EIA expects Brent crude to average around $53.20/b in 2021, and to reach $55.19/b in 2022.
Travel restrictions in China during the Lunar New Year and across most of Europe continued to present short-term headwinds to the outlook.
Platts assessed the Dated Brent crude benchmark at $61.315/b on Feb. 11, up 8 cents/b day on day, up $1.55/b since Feb. 5 and $6.335/b higher than Jan. 11.
S&P Global Platts Analytics said Feb. 10 in its Coronavirus Dashboard report for energy demand that early data from Israel showed vaccines among large groups of people were effective but that deployment of vaccines was slow going in many parts of the world.
Demand in European bunkers market was expected to remain lackluster in the coming week amid soft fundamentals.
Latin American bunker prices were weighing the balance between a still-contained demand and the firm advances seen in global oil markers in the last few weeks.
Singapore's 0.5%S marine fuel delivered prices surged to a one-year high of $494/mt on Feb. 8, Platts data showed, ahead of Lunar New Year holidays.
The BW Indexes are weighted daily indexes made up of assessments at 20 key bunkering ports. To obtain a representative geographical spread, the ports were selected by size with reference to their geographical importance.
The BW0.5%S Index ports are Hong Kong, South Korea, Shanghai, Singapore, Japan, Las Palmas, Durban, Fujairah, Gibraltar, Piraeus, Rotterdam, St. Petersburg, Houston, Los Angeles, New York, Balboa and Santos.
The BW380 Index ports are Busan, Canary Islands, Colombo, Durban, Fujairah, Gibraltar, Hong Kong, Houston, Los Angeles, New York, Offshore Nigeria, Panama Canal, Piraeus, Rotterdam, Santos, Shanghai, Singapore, St Petersburg, Suez and Tokyo.
Click here to see prices: https://www.bunkerworld.com/prices/
Bunkerworld .,