World News
Crude Prices Begin the Week Flat
by Tim Bonett, 
Monday February 12, 2018
It was a mixed bag for oil prices today. After rebounding early along with broader equities prices pulled back to settle mostly unchanged.
There were 26 oil rigs added last week as domestic production remains strong.
If demand can keep up the market should be able to regain itself.
However, if economies start to waver and demand wanes we could see a steep slide.
Bunker prices were stable in the primary ports.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 502.00 | 4.50 | 602.50 | 2.50 |
| Rotterdam | 468.50 | 3.00 | 609.00 | 7.00 |
| Houston | 470.50 | 4.50 | 608.00 | 8.00 |
| Fujairah | 494.50 | 8.50 | 706.00 | 6.00 |
| Global 20 Ports Average | 528.00 | 4.00 | 703.00 | 3.00 |
| Global 4 Ports Average | 484.00 | 5.00 | 631.50 | 2.00 |
| Global Average Bunker Price | 567.50 | 2.50 | 750.00 | 5.50 |
Popular Now More
-
May 30Søren Høll has stepped down as head of global operations at Bunker Holding as of this month. -
May 27Chris Young has recently joined the company as management consultant, a Sekavin representative tells Ship & Bunker. -
May 28ScanOcean tells Ship & Bunker it expects biofuel demand to grow in the latter part of this year as many shipowners holding off on compliance purchases under FuelEU Maritime begin to act.