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Home News & Features World Fuel Oil Storage Sees Weakening Demand on 2020 Deadline

Fuel Oil Storage Sees Key Bunker Prices More

Weakening Demand on
IFO380 MGO
$/mt +/- $/mt +/-

2020 Deadline
Singapore 398.00 1.50 639.50 4.00

Rotterdam 378.50 1.50 613.00 0.50

Houston 372.00 4.00 612.50 5.00

Thursday March 15, 2018
Fujairah 405.50 3.50 688.50 3.00
Fuel oil storage terminals are feeling the
squeeze as the International Maritime View Bunker Prices in for 150 Ports
Organisation (IMO) sulfur cap deadline looms
ever closer.
Popular Now More
International Matex Tank Terminals, located
near the port of New Orleans, has seen a
Interactive Guide to IMO2020
number of storage leases cancelled for heavy
Bunker Supply Launched
fuel oil according to operator Macquarie
Heavy fuel oil storage: less attractive (file NSI's new tool gives a graphical
Infrastructure Corporation and reported by the Apr 18
overview of suppliers' plans in the pre
image/pixabay)
Financial Times. and post IMO2020 bunker markets.

Say No to Scrubbers for Now,

Uncertainty over the value of heavy fuel is reflected in future prices with the future price for US
Bunker Broker Advises
Gulf Coast high-sulphur fuel oil for January 2020 delivery below the level for delivery in April
Buyers should not completely resign
2018 by double digits. Apr 17
themselves to paying MGO prices,
says BunkerEx.
US shale oil production is also a factor in the fall off in demand for heavy fuel oil storage as it 
MEPC 72: IMO GHG Deal
yields a lighter grade of crude that produces less residual heavy oil.
Spells End of the Oil-Based
Macquarie Infrastructure is to invest $75 million a year in part to repurpose tanks to handle Bunker Industry From the
Apr 16
2030's, Says Expert
liquids other than heavy fuel oil, the report said.
"If you are building a ship or planning
to build a ship in the 2020s, it will
Ship & Bunker News Team likely need to be able to switch to non-
To contact the editor responsible for this story email us at editor@shipandbunker.com fossil fuels later in its life," says Dr
Tristan Smith, UCL Energy Institute.

Also in the News

New Tank Farm Proposed OPEC & Shale Producers to
for Fujairah Meet Amid Predictions that
By Dubai-based energy company. US Will be Top Oil
Producers by 2019
Read in Full
Iraq claims the meeting is to
determine ways "to keep the
balance in the market as much as
we can."
Monjasa Launches New
Bunker Trader Training
Programme
"We are now investing in more
thorough educational and cultural
ballast aimed at the Bunker Traders
of tomorrow," says Group COO,
Svend Mølholt.

Read in Full Read in Full

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