Thursday saw global bunker prices continue on an upward trend with nearly all markets seeing gains in key grade IFO380.
Singapore IFO380 and MGO were up for a fourth consecutive market day, both gaining $1.00 and rising to $653.50 and $962.00 per metric tonne (pmt) respectively.
Hong Kong saw IFO380 and MGO make gains for a fifth consecutive market day, IFO380 gaining $1.50 to $665.00 pmt and MGO moving up $9.00 to $967.50.
Rotterdam IFO380 was up for a fourth consecutive market day climbing $0.50 to $635.00, while MGO gained for a sixth consecutive market day rising $1.00 to $941.50 pmt.
In Fujairah 380 cSt product gained for a seventh consecutive market day up $3.50 to $663.00 pmt, and MGO was steady at $1009.00 pmt.
Houston IFO380 and 1.00% maximum sulfur 380 cSt product (LS380) both made gains, moving up $3.50 to $637.00 and $5.50 to $746.50 respectively putting the premium for ECA compliant LS380 at $109.50, while MGO moved up for a fifth consecutive market day rising $2.50 to $989.00 pmt.
LA / Long Beach saw IFO380 and LS380 move up for a fourth consecutive market day gaining $4.50 to $667.00 and $7.00 to $917.00 respectively, making the premium for LS380 in the West Coast port $250.00 pmt.
Thursday's WTI spot price moved up $0.01 to close at $93.36 per barrel.
