World News
ELEMENT Alpha Hires Bunker Trader in Dubai
Monday March 1, 2021
Oil and commodity trading firm ELEMENT Alpha has hired a new bunker trader in Dubai.
Ronny Theroth has joined the firm's Dubai office as a bunker trader as of the end of last year, according to an update to his LinkedIn profile.
Theroth was previously a bunker trader for Cockett Group in Mumbai.
ELEMENT was founded in 2015 as part of Geneva-based ELEMENT Group, concentrating at first on the Black Sea and Mediterranean regions before moving to a global focus. The firm trades crude oil, refined products, petrochemicals and dry bulk, according to its website, as well as holding a stake in waste hydrocarbon recycling company Origin International.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 645.00 | 2.00 | 767.50 | 11.50 |
| Rotterdam | 600.00 | 8.00 | 751.50 | 13.00 |
| Houston | 627.50 | 9.00 | 796.00 | 11.50 |
| Fujairah | 649.50 | 0.00 | 889.00 | 0.50 |
| Global 20 Ports Average | 665.00 | 0.50 | 864.00 | 6.50 |
| Global 4 Ports Average | 630.50 | 5.00 | 801.00 | 9.00 |
| Global Average Bunker Price | 722.50 | 2.50 | 922.50 | 3.00 |
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