- Bunker fuel prices experienced mixed trends last week. VLSFO prices declined due to falling crude oil costs, though demand in some regions stabilized prices.
- Biofuel blends also saw fluctuations, with European Union policies potentially impacting future availability.
- Meanwhile, LNG prices increased in Rotterdam due to supply concerns but decreased in Singapore. Overall, the market remains volatile with prices influenced by various factors.
The price of Very Low Sulfur Fuel Oil (VLSFO) declined due to a drop in Brent crude futures. However, demand for VLSFO in the ARA region slightly improved, preventing a steeper decline in Rotterdam prices. Singapore’s VLSFO prices mirrored the crude oil drop more closely.
Biofuels Mixed Bag
Biofuel blends, such as B24-VLSFO UCOME, experienced mixed results. While prices decreased in Singapore, the European Union’s decision to impose tariffs on Chinese biodiesel imports could tighten bio-feedstock availability, potentially impacting future prices.
LNG Prices on the Rise
In contrast to other fuel types, LNG bunker prices increased in Rotterdam due to supply concerns at the Freeport LNG export terminal in the US. This disruption led to higher prices for the natural gas-derived fuel. Singapore, on the other hand, saw a decline in LNG prices due to ample supply and high inventory levels.
Overall, the bunker fuel market remains dynamic, with prices influenced by various factors including crude oil fluctuations, supply chain disruptions, and regulatory changes.
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Source: Engine Online
