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OPEC's Cutback Efficacy Questioned Prior to Vienna, Analyst Describes Its Medium Term Pricing Power as "Zero"

OPEC's Cutback Efficacy Questioned Prior to Vienna, Analyst Describes Its Medium Term Pricing Power as "Zero"

However, other analysts say at least the cartel won't be harmed by the proposed sale of U.S. reserves.
  1. 24May
    One analyst warns that further market disappointments may occur later this week. Read in Full
  2. 24May
    "Implementing IMO's final GHG strategy only by 2023 will have very little impact on the possibility of meeting 2025 2DS targets," says IEA. Read in Full
  3. 24May
    During the 2017 summer season, Gazpromneft says the cruise operator will receive up to 45,000 tonnes of bunkers. Read in Full
  4. 24May
    Stolt-Nielsen says the two vessels will also be able to operate on either diesel or LNG as fuel. Read in Full
  5. 24May
    Export Credit Norway says as many as 60,000 vessels will need to be retrofitted scrubber systems by 2020 and ballast water treatment systems by 2021. Read in Full
  6. 24May
    Titan LNG says it bunkered the Fure West on Friday using equipment that draws the flow from two trucks into one bunkering hose, known as the T-piece. Read in Full
  7. 24May
    The agreement will see Scorpio Tankers acquire Navig8's 27 operating product tankers. Read in Full
  8. 24May
    Meeting HAZID requirements is a key milestone in ensuring the final success of the LPG COGES ferry design process, says GE. Read in Full
  9. 24May
    The real problems will begin when the extension draws to a close, says Goldman Sachs. Read in Full

Latest Bunker Prices See All Bunker Prices

IFO380 IFO180 MGO
$/mt +/- $/mt +/- $/mt +/-
Global 4 Ports Average 311.00 2.50 356.00 4.00 496.50 0.50
Global 20 Ports Average 322.00 1.50 345.00 1.50 529.00 0.50
Global Average Bunker Price 349.00 1.50 361.00 2.00 597.50 0.50
Singapore 321.00 1.00 342.00 1.50 475.00 1.50
Rotterdam 303.50 5.50 341.00 11.00 460.00 2.00
Fujairah 321.00 2.50 360.00 0.50 563.50 0.00
Houston 298.50 1.00 382.00 4.50 486.50 1.50
Busan 333.50 2.00 349.50 3.00 520.00 2.50
Colombo 335.00 0.00 345.00 5.00 555.00 5.00
Durban - 342.50 0.00 551.00 8.00
Gibraltar 320.50 1.50 345.50 4.00 507.50 2.00
Hong Kong 325.50 3.00 335.50 3.50 486.50 0.50
Istanbul 328.00 0.00 349.00 0.50 525.00 0.50
LA / LB 348.00 0.00 374.50 0.50 525.50 0.50
Las Palmas 324.50 5.00 346.00 2.00 479.50 0.00
Mumbai 350.00 0.00 - 700.00 0.00
New York 311.50 2.00 332.50 1.00 491.50 5.50
Cristobal, Panama 310.00 5.00 339.00 11.50 511.50 2.00
Piraeus 319.00 0.50 339.50 1.50 495.00 1.50
Santos 312.50 5.50 344.00 5.50 674.00 1.00
Shanghai 334.00 7.00 453.50 0.00 592.50 10.00
St Petersburg 273.50 0.50 280.00 0.00 450.50 7.50
Tokyo 351.00 6.00 363.00 5.00 -