Americas News
Tuesday's North American Prices Lack Direction
Marine fuel prices in North America lacked direction on Tuesday, Ship & Bunker data showed, as IFO in most Brazilian ports fell $10.00 per metric tonne (pmt).
Houston IFO380 fell for a sixth consecutive market day down $3.00 to $625.00 pmt, falling $11.50 week-on-week, and up $16.00 from December 17, 2012. Low sulfur 380 cSt product (LS380) moved up $3.50 to $727.50 making the premium for the Emissions Control Area (ECA) compliant fuel $102.50 pmt. MGO climbed $5.50 to $1012.50 pmt, $0.50 higher than last Tuesday.
LA / Long Beach IFO380 moved down for a fifth consecutive market day falling $3.00 to $641.50 pmt, down $8.50 week-on-week, and $7.50 higher month-on-month. LS380 rose $4.00 to $770.00 making the premium for the low sulfur grade $128.50 pmt. MGO moved up $0.50 to $1038.00 pmt, $4.50 lower than last Tuesday.
New Orleans IFO380 fell for a second consecutive day slipping $4.50 to $636.00 pmt, down $10.50 since last Tuesday, and $14.50 higher than December 17, 2012. LS380 climbed $5.00 to $742.00 making the premium for the low sulfur grade $106.00 pmt. MGO rose $1.00 to $1010.50 pmt, $3.00 lower than this time last week.
Vancouver IFO380 was up for a second consecutive day rising $1.00 to $635.00 pmt, climbing $1.00 week-on-week, and $13.00 higher month-on-month. LS380 was up $1.00 to $882.00 making the premium for the low sulfur product $247.00 pmt. MGO was up $3.00 to $1072.50 pmt, down $5.50 week-on-week.
