Marine fuel markets in North and Western Europe moved down on Thursday, with Ship & Bunker data showing prices in the Mediterranean and Black Sea were generally steady as Middle East and African ports softened, Ship & Bunker reports.
Rotterdam IFO380 was down $2.50 to $587.50 per metric tonne (pmt), making a gain of $1.00 week-on-week, and up $5.50 from last the price last month. Low sulfur 380 cSt product (LS380) fell for a third consecutive day down $3.50 to $612.50 making the premium for the Emissions Control Area (ECA) compliant fuel $25.00 pmt. MGO fell $2.00 to $928.50 pmt, the same price as last Thursday, and $8.50 higher than November 6, 2012.
Fujairah IFO380 moved down $0.50 to $606.50 pmt, up $4.00 from last Thursday, and rising $6.50 month-on-month. MGO edged up $0.50 to $1021.00 pmt, $1.50 higher than last week's price, and a $0.50 increase on the price a month ago.
Istanbul IFO380 remained at $627.00 pmt, adding $14.50 to last Thursday's price, and up $8.00 from November 6, 2012. MGO fell for a second consecutive day down $3.00 to $991.50 pmt, dropping $13.50 week-on-week, and up $5.50 from last month.
Piraeus IFO380 moved up $1.00 to $608.00 pmt, rising $11.50 from last week, and $5.00 up from the price six months ago. LS380 moved down $5.00 to $659.50 making the premium for the low sulfur grade $51.50 pmt. MGO moved down a second consecutive day falling $2.50 to $956.50 pmt, slipping $2.50 week-on-week, and up $8.00 on last month.
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