Americas News
U.S. Bunker Prices Continue to Make Gains
Ship & Bunker data showed U.S. bunker prices continuing to climb today, although prices in the U.S. Gulf and Caribbean as a whole were mixed.
Houston IFO380 climbed for a seventh consecutive market day up $7.50 to $648.00 per metric tonne (pmt), gaining $17.00 week-on-week, and $28.00 higher month-on-month. Low sulfur 380 cSt product (LS380) moved up $11.50 to $749.50 making the premium for the Emissions Control Area (ECA) compliant fuel $101.50 pmt. MGO was up $7.00 to $1036.50 pmt, up $18.50 since last Friday.
LA / Long Beach IFO380 moved up for a tenth consecutive market day rising $5.50 to $672.50 pmt, up $29.00 week-on-week, and an increase of $45.00 since January 1, 2013. LS380 rose $4.00 to $789.00 making the premium for the low sulfur fuel $116.50 pmt. MGO in the port was up $2.50 to $1057.00 pmt, $22.00 higher than this time last week.
New Orleans IFO380 rose for a seventh consecutive market day gaining $6.00 to $654.00 pmt, up $13.50 since last Friday, and $21.00 higher than this time last month. LS380 moved up $10.50 to $754.50 making the premium for the low sulfur grade $100.50 pmt. MGO was up $5.50 to $1036.00 pmt, the highest price since October 23, 2012.
Vancouver IFO380 moved up for a fifth consecutive day climbing $1.50 to $651.50 pmt, up $13.50 week-on-week, and gaining $16.50 since January 1, 2013. LS380 climbed $2.00 to $891.00 making the premium for the low sulfur product $239.50 pmt. MGO in Vancouver climbed $1.00 to $1092.50 pmt, up $20.50 since last Friday.
