EMEA News
Double-Digit Gains for Mediterranean, Black Sea Bunker Prices
The week opened with bunker firm prices in the EMEA region, as Ship & Bunker data showed Algeciras and other ports in the Mediterranean and Black Sea region making double-digit gains for IFO and distillates on Monday.
Rotterdam IFO380 was up $1.50 to $645.00 per metric tonne (pmt), an increase of $7.50 week-on-week, and up $28.00 month-on-month. Low sulfur 380 cSt product (LS380) rose $6.50 to $691.00 making the premium for the Emissions Control Area (ECA) compliant fuel $46.00 pmt. MGO was up $1.00 to $1004.00 pmt, $19.00 higher than last Monday.
Fujairah IFO380 rose for a fourth consecutive market day climbing $2.50 to $656.00 pmt, up $10.00 week-on-week, and $31.00 higher than this time last month. MGO moved up $4.00 to $1006.00 pmt, an increase of $6.50 since last Monday, and $5.50 higher than January 11, 2013.
Istanbul IFO380 moved up for a third consecutive market day gaining $8.00 to $677.00 pmt, up $4.00 since last Monday, and a month-on-month gain of $18.00. MGO moved up $10.00 to $1061.50 pmt, $15.00 higher than this time last week, and an increase of $53.00 from January 11, 2013.
Piraeus IFO380 rose for a fourth consecutive market day gaining $10.00 to $668.50 pmt, $9.00 higher than this time last week, and $16.00 higher month-on-month. LS380 was up $10.00 to $755.00 making the premium for the low sulfur product $86.50 pmt. MGO was up $9.50 to $1041.00 pmt, $23.50 higher week-on-week.
