World News
Israel Produces First IMO2020-Compliant Cargo of Fuel oil: Report
Tuesday June 18, 2019
A first cargo of fuel oil that conforms with the International Maritime Organisation's (IMO) new 0.50% sulfur rule has been loaded from the Haifa-based refinery in Israel, Reuters reports.
A cargo of 30,000 metric tonnes of ultra low sulfur, 380 centistoke blend, fuel oil was loaded from the 197,000 barrels a day in late May, the report said citing industry sources.
The move puts Israel's Oil Refineries together with other companies that have started to produce the IMO-compliant product.
In April, Chinese refiner Sinopec loaded its first cargo of the the new bunker fuel.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 548.00 | 0.50 | 677.50 | 2.00 |
| Rotterdam | 513.00 | 0.50 | 649.00 | 3.00 |
| Houston | 544.50 | 2.50 | 675.00 | 4.00 |
| Fujairah | 541.50 | 2.50 | 744.00 | 3.50 |
| Global 20 Ports Average | 572.00 | 2.50 | 758.00 | 2.50 |
| Global 4 Ports Average | 536.50 | 1.50 | 686.50 | 3.00 |
| Global Average Bunker Price | 624.00 | 2.50 | 801.00 | 3.50 |
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