BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry



« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa


BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News





Fuel oil stocks jump in ARA and Singapore

21 Nov 2016 06:19 GMT

ARA 84% increase said to be due to a rise in Rhine water levels and two VLCC cargoes.



Inventories of fuel oil oil held in the Amsterdam-Rotterdam-Antwerp (ARA) region skyrocketed 537,000 tonnes, or 84 percent, to 1.174 million tonnes during the week ending 17th November, according to Dutch consultancy PJK International. It is the highest level in six months.

The stock increase is said to be more the result of logistical circumstances. When the inventory data was measured, two VLCCs were about to load fuel oil cargoes headed for Singapore. Additionally, the rise in water levels along the river Rhine enabled refiners to send a backlog of vessels carrying fuel oil to ARA storage facilities.

In Singapore, meanwhile, fuel oil stocks jumped 15 percent, or 475,000 tonnes, during the seven-day period ending 16th November.

On Friday, the price of 180 centistoke (cSt) benchmark fuel oil strengtened in Singapore. A recent surge in high-viscosity fuel oil cargo arrivals has led to concerns regarding cutter stock availability. With a larger amount of high-viscosity fuel oil now needing to be blended, cutter stocks - and 180 cSt fuel oil - were said to be in relatively short supply.

The front-month viscosity spread on Friday rose $0.50 on Friday to $8.50 per tonne; December's 180 cSt price was $271.75 compared to $263.25 for 380 cSt.

According to Bunker Index price data, the spot Singapore 380 cSt assessment price on Friday was $272.50 per tonne compared to $279.00 per tonne for 180 cSt. In Rotterdam, the 380 cSt price was $26 lower than Singapore, at $246.00 per tonne.




Related Links:

Rotterdam
Singapore
Antwerp
Belgium
Netherlands
Singapore

Latest News:

Another first for Wartsila as wireless charging for hybrid coastal ferry is 'successfully' tested
Scandlines hails bunker-saving summer for hybrid ferries
BHP, GoodFuels to collaborate on biofuel bunker project in Singapore
The OPEC / non-OPEC meeting takes centre stage
Oil and fuel oil hedging market update
Fluxys focuses investment on Zeebrugge's fifth LNG tank and second jetty
Rolls-Royce and Inmarsat sign ship energy management agreement
Bullish market sentiment remains, short-term dark horse could be meeting comments
Oil and fuel oil hedging market update
Dorian LPG and ABS to conduct feasibility study of LPG as marine fuel
CO2 reduction addressed at ECSA seminar
World's first dual-fuel boxship conversion completed




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Cape Town
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio de Janeiro
Rotterdam
Santos
Singapore
Directory
Africa
Asia
Central America
Middle East
North America
North Europe
Oceania
South America
South Europe
Directory
Germany
Gibraltar
Greece
Hong Kong
Italy
Japan
Netherlands
Panama
Russia
Singapore
South Africa
South Korea
Spain
Turkey
United Arab Emirates
United Kingdom
United States
News
Latest News
Blogs
Archive
Americas
Asia
Europe
Middle East
News
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Environment
Events
Financial
Fuel Quality
Lubes & Additives
Oil Spills
People
Port News
Projects
Regulation/Legal
Services, Products, Technology
Statistics & Research
Vessels
Events
Upcoming Events