Americas News
U.S. Markets Quiet for Black Friday
The Thanksgiving holiday meant another slow day for U.S. markets, while bunker prices in South America ended the week with further small gains.
Houston IFO380 was down $0.50 to $609.50 per metric tonne (pmt) ending the week up $2.00 on last Friday's price and down $12.50 from October 23, 2012. Low sulfur 380 cSt product (LS380) saw no change at $711.50 making the premium for the Emissions Control Area (ECA) compliant fuel $101.50 pmt. MGO at the port was also steady $1022.00 pmt up $29.50 week-on-week.
Los Angeles / Long Beach IFO380 remained unchanged at $672.00 pmt down $12.50 on last week's price and falling $4.50 over the past month. LS380 also saw no change at $759.00 making the premium for the low sulfur grade $88.00 pmt and up $8.00 over the past month.
New Orleans 380 cSt product dropped $0.50 to $617.00 pmt adding $3.00 to last Friday's price and moving down $14.00 since October 23, 2012. LS380 saw no change at $715.50 making the premium for the low sulfur fuel $98.50 pmt and moving up $6.00 week-on-week.
Rio de Janeiro IFO 380 continued up for a eighth consecutive market day gaining $3.50 to $609.50 pmt adding $17.00 to last Friday's price and down $17.00 over the past month. MGO at the port moved up $2.50 to $1005.00 pmt climbing $5.00 since last week and down $46.00 from October 23, 2012.
