Crude oil, bunker prices continue to fall on Thursday
Bunker prices continued to move down on Thursday, with key indicator ports Singapore, Rotterdam, Fujairah, and Houston all seeing IFO380 fall between $1.50 and $5.00 pmt, Ship & Bunker reports.
Singapore IFO380 fell for a second consecutive day dropping $1.50 to $642.00 per metric tonne (pmt), and MGO slipped $0.50 to $970.50 pmt.
Hong Kong saw IFO380 and MGO move down $1.50 to $657.50 and $992.00 pmt respectively, with IFO380 losing $4.00 week-on-week.
Rotterdam IFO380 was down $1.50 to $620.50, low sulfur 380 cSt product (LS380) dropped $0.50 to $656.00, and MGO fell for a fifth consecutive market day slipping $2.00 to $991.00 pmt.
Fujairah 380 cSt product and MGO moved down for a second consecutive day falling $3.50 to $641.50 and $1.00 to $1032.00 pmt respectively.
Houston IFO380 fell for a third consecutive day dropping $5.00 to $627.00 pmt, LS380 was down $2.50 to $731.00, and MGO slid for fourth consecutive market day down $3.50 to $1053.50 pmt.
LA / Long Beach IFO380 and LS380 moved down for a second consecutive day dropping $5.50 to $683.00 pmt and $7.50 to $797.00 respectively, making the premium for the low sulfur product $114.00 pmt.
The WTI spot price showed little movement once again on Thursday falling $0.02 to close at $92.10 per barrel.