World News
Vitol Starts Physical Supply in Houston
Thursday September 10, 2015
Oil trader Vitol Group today announced has begun physical supply operations in Houston and the Mississippi River.
The company said RMG, RMK, and DMA 0.1 percent products would be available under its V-Marine Fuels brand on a retail (delivered) basis.
“For 25 years Vitol has reliably supplied the wholesale Houston market with quality product," said Eric Kuo, a representative of Vitol.
"From today, a broader range of customers will be able to benefit from our competitive offering, in Houston and the Mississippi.”
The V-Marine brand was launched in March 2013 as a separation Cockett Group's trading and physical supply activities.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 510.00 | 2.50 | 611.00 | 4.00 |
| Rotterdam | 477.00 | 1.00 | 618.50 | 4.00 |
| Houston | 469.50 | 0.50 | 610.00 | 2.00 |
| Fujairah | 501.50 | 1.50 | 708.50 | 3.50 |
| Global 20 Ports Average | 532.00 | 2.00 | 711.50 | 0.00 |
| Global 4 Ports Average | 489.50 | 0.50 | 637.00 | 0.50 |
| Global Average Bunker Price | 571.00 | 1.00 | 759.00 | 0.50 |
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