• Home
  • News
  • MABUX: Bunker market this morning, December 13
  • 2019 December 13 09:43

    MABUX: Bunker market this morning, December 13

    The Bunker Review was contributed by Marine Bunker Exchange (MABUX)

    MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) declined on Dec.12:

    380 HSFO - USD/MT - 352.71(-3.75)

    180 HSFO - USD/MT – 394.23(-3.10)

    MGO - USD/MT – 666.75(-2.49)

    Meantime, world oil indexes increased on Dec.12 after U.S. President Donald Trump said that the United States was very close to some sort of a deal with China and as the U.S. has reportedly offered China to roll back some existing tariffs and cancel a new round of tariffs set to take effect on December 15.

    Brent for February settlement increased by $0.48 to $64.20 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for January rose by 0.42 to $59.18 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of $5.02 to WTI. Gasoil for December delivery added $8.00.

    Today morning oil indexes continue to rise as the United States and China moved closer to a resolution to the 18-month trade war.

    The U.S. has recently offered to Beijing to reduce some of the current tariffs by as much as 50 percent, if China pledges to buy big volumes of U.S. agricultural products, protect U.S. intellectual property rights, and allow more access to its financial services sector. Otherwise, there would be no ‘phase one’ deal. If the U.S. and China don’t reach some sort of agreement by midnight Dec.15, the U.S. could slap tariffs on another US$156 billion worth of goods that America imports from China, mostly consumer products, including laptops, mobile phones, toys, and clothing.

    At the same time, U.S. trade negotiators have offered to cancel a new round of tariffs on imported Chinese goods as part of an effort to cement a phase one deal to de-escalate the trade conflict between the two powers. But the White House didn't release any official statement, raising questions about whether the terms had been agreed by both sides.

    International Energy Agency (IEA) said global oil inventories could rise sharply through March despite an agreement by OPEC and its allies to deepen output cuts, as well as lower expected production by the United States and other non-OPEC nations. OPEC, in its own monthly report on Dec.11, said it expected a small oil market deficit in the next year, suggesting the market is tighter than previously thought.

    The IEA said OPEC pumped 29.66 million b/d of crude during November, down 300,000 b/d from October, and that rate would fall to around 29.3 million b/d in January based on full compliance and steady output from Libya, Iran and Venezuela. That is still 700,000 b/d above the first-quarter call on OPEC crude and 1 million b/d above the second-quarter call, the IEA added.

    We expect bunker prices to rise today: 1-3 USD up for IFO, 6-8 USD up for MGO. 




2022 July 6

18:16 Port of Oakland posts its container volume in May
18:00 Port of Kaliningrad expected to see a 25-pct decrease of throughput to 8 million tonnes in 2022
17:39 Gascade and Fluxys team up on two key infrastructure projects to ramp up the hydrogen economy in Germany
17:12 Strengthening port security in Tunisia
17:06 PIL announces contract to build four 8,000 TEU LNG dual-fuel container vessels
16:43 Cargo traffic within Azov-Don Basin of Russia’s IWW in H1’2022 totaled 1.4 million tonnes, down 57% YoY
16:21 MSC and Fincantieri announce the construction of two next generation cruise ships
16:07 TotalEnergies quits Russia's Kharyaga oil project - Reuters
15:57 Russia’s State Duma approves Draft Law on countersanction information
15:15 India, Iran to activate new shorter corridor to Russia - The Tribune
14:55 CPC-R requests to suspend execution of the judge's Ruling on administrative suspension of company's activities
14:32 Svitzer announces the purchase of a new tug to support terminal operations in Milford Haven, UK
14:18 Tallink Grupp reports 174.3% increase of passenger transportation in June 2022
14:02 ClassNK releases “ClassNK Technical Journal”
13:34 TechnipFMC awarded iFEED contract by Equinor for BM-C-33 project in Brazil
13:06 Nordic Engineering to speak at Ship Repair, Modernization and Components Conference about modernization of research vessels
12:01 Concordia Maritime sells the P-MAX vessel Stena Paris
11:39 MV Kholmogory to deliver first batch of cement to Kaliningrad
11:34 Germany prepares Uniper bailout - Handelsblatt
11:12 OPEC secretary-general is dead, Nigerian officials announce - AP
11:03 CMA CGM to implement Bunker Recovery Adjustment Factor to all West African ports
10:51 Krasnoye Sormovo shipyard delivers dry cargo carrier of Project RSD59 Sergey Volkov to GTLK
10:27 ECOWAS lifts sanctions against Mali
10:10 Novorossiysk Court orders Caspian Pipeline Consortium to suspend its activities for 30 days
09:55 TT Club highlights long-term changes to supply chain risk profiles
09:22 Throughput of port Kavkaz in H1’2022 fell by 26% Y-o-Y
09:08 MABUX: Global bunker prices to decline sharply on Jul 06
08:44 Turkey to try to reach outcome on grain corridor with Russia, Ukraine soon - Daily Sabah
08:13 The EU isn’t yet equipped to receive enough LNG to replace Russian gas entirely - Bloomberg

2022 July 5

19:44 Termination of oil and gas supplies to Japan from Russia is possible – Deputy Chairman of the Security Council of the RF
18:23 Norled accepts delivery of second newbuild zero-emission battery-powered Ropax Ferry from Sembcorp Marine
17:56 BAM and Transsib failed to deliver 70 million tonnes of cargo in 2021 - Yury Trutnev
17:31 DNV recognizes Arcadia Shipmanagement’s Aegean Myth as the first verified SEEMP III vessel
17:11 Wartsila supplies battery to Pivot Power as part of cutting-edge Energy Superhub Oxford project
16:53 Lotos Shipyard launches first self-propelled dredger of Project 93.159
16:24 Russia may ramp up its gas supplies to Asian markets to a level close to its exports to EU in a decade - IEA
16:17 Siemens Gamesa secures deal to supply 75 MW for South Korea’s third largest wind farm
15:33 DeloPorts completed full repayment of bond issue for RUB 3.5 billion
15:11 TAQA, Heerema, and AF Offshore Decom completed decommissioning project in Brae Field
15:04 ABP launches 1m sq ft development site at Port of Grimsby
14:52 Edda Wind appoints new COO
14:21 APM Terminals takes the next step on its strategic journey
14:05 Bunker sales at Vladivostok port in H1’2022 fell by 25% YoY
13:46 Throughput of Azov port in H1’2022 fell by 18% YoY
13:28 Strike affecting Equinor-operated fields on the Norwegian continental shelf
13:19 Ulstein's trawler design for Bluewild is one of three nominees for innovation award
12:41 New quayside unveiled at Port of Nigg
12:17 DEME announcement of the Member State of origin
11:51 Vladimir Potanin: we are ready to discuss merger of Nornickel and Rusal
11:29 MPCC placed orders for two carbon-neutral 1,300 TEU newbuildings
10:56 RZD Logistics launches new railway container service on eastern branch of North-South ITC
10:18 HHLA and Eurogate make joint declaration on cooperation talks
09:57 Russian Maritime Register of Shipping supports Ship Repair, Modernization and Components Conference
09:35 Russia’s internal container traffic in H1’2022 rose by 5.1% YoY
09:14 MABUX: Upward changes to continue on Global bunker on Jul 05

2022 July 4

18:22 Vestas pioneers world’s first hydrogen-powered offshore service vessel
17:59 Plans on modernization of BAM and Transsib are outdated - Yury Trutnev
17:53 MARIN to have new defense department with Pepijn de Jong as manager
17:28 World's largest civilian hospital ship in port in Senegal
16:47 Programme on development of diesel engines manufacture to cover domestic demand in full - Mikhail Mishustin