Date Price $/mt Change High Low Spread; M Dec 21: 375.50-12.50: 378.00: 373.00: 5.00: F Dec 18: 388.00 +0.50 Accessed December 24, 2020. https://www.statista.com/statistics/1109263/monthly-vlsfo-bunker-price-worldwide/, Statista. The IMO 2020 rule, effective Jan. 1, requires all ships that do not have exhaust-gas scrubbers to burn either 0.5% sulfur fuel known as very low sulfur fuel oil (VLSFO) or 0.1% sulfur marine gasoil (MGO). In and of itself, when the absolute price gets lower, the fuel spreads will narrow,” said Joswick. Read our collection of the latest bunker fuel market news and insight on IMO 2020 impact on diesel prices and distillate blends, VLSFO, bunker fuel prices and more. The only markets left for 3.5% HSFO are power generation, which currently uses LNG and coal (approx. Ship owners, refiners, suppliers and fuel managers need the reliable price transparency found in the OPIS Global Marine Fuels Report to make cost-effective decisions regarding their fuel slate in light of IMO 2020 regulations. It is a relatively low viscosity, low density fuel oil with good ignition properties. and over 1 Mio. Pare down the data you receive to the most important prices and ports needed to monitor the transitioning marine fuel market. Budget friendly. The two-month freefall in the price of very low-sulfur fuel oil (VLSFO) is accelerating due to the widespread economic impact of the coronavirus disease 2019 (COVID-19), energy experts said this week. On the same day VGO was assessed by the OPIS International Feedstock Report at $7/bbl over WTI for a prompt barge volume of 0.5%S VGO, or $52.28/bbl (further out … PBT adds VLSFO prices to indications list 14 October 2019. Oil price information Last update: 2020-12-21 Nr. Declining fuel … This report is a “one-stop shop” for key marine fuel prices in the most important regions, presented with handy tables, charts and graphs for at-a-glance reading. The remainder will be made up of very-low sulphur fuel oil (VLSFO) blends, a largely unknown entity in the bunker market. The US Gulf VLSFO-HSFO March 2-27 premium averaged $15 per barrel, narrowing from a $39 per barrel average in December. There had been bunker fuel alerts raising these risks in Singapore, and the Netherlands (in May 2020), which found VLSFO breaking Safety at Sea (SOLAS) laws, making the fuel more flammable. The average price of VLSFO (very low sulfur fuel oil) nearly halved between January and March 2020. Shipowners will therefore move between VLSFO and MGO, depending on their level of comfort or concern about the new fuel quality and relative price levels. Update, Insights into the world's most important technology markets, Advertising & Media Outlook Instead of $75-per-barrel crude, we’re at $40 and that brings down the price of all bunker [marine fuels]. Statista. With the global 0.5% sulphur cap as per January 1st 2020 approaching rapidly, PBT has added indications for VLSFO (Very Low Sulphur Fuel Oil) to its indications list. According to BIMCO, the VLSFO-HSFO spread in Singapore is some $340 per metric tonne (p/mt) – the third highest level since low sulphur fuel became widely available. In, Statista. Very low-sulfur fuel oil (bunker with 0.5% sulfur) has increased in price and is now on par with gasoil (MGO 0.1% sulfur). Port HSFO-380 VLSFO 0.5% ULSFO 0.1% MGO Deliv. This feature is limited to our corporate solutions. The answer is no. Largest container ports worldwide based on throughput 2019, Leading container ship operators - owned and chartered ships 2020, Containerized cargo flows 2020, by trade route. Download a sample report and see for yourself. Trust OPIS price assessments because they are based on transactional data that occurs over the course of the entire trading day. Jet fuel prices in Singapore plunged from above $70 a barrel in January to close to $20 in early May before recovering to trade around $41, according to … 1: Rotterdam/Antwerp: $ 300: $ 375 From January 1, 2020, the former can only be used by a vessel that has an exhaust gas … The drop in prices is largely attributed to weak demand as well as the easing of tight barge avail schedules. Corporate solution including all features. New, Figures and insights about the advertising and media world, Industry Outlook Also featured are exclusive OPIS benchmarked ULSD rack prices for key North American markets, plus ULSD spot prices for Gulf Coast, New York Barge, Los Angeles, and the Pacific Northwest. Reports on VLSFO usage. In order to compete, 3.5% HSFO will need to be priced at parity with LNG and coal which results in a price of approximately $220/mt. In Asia, prices for 0.5% VLSFO, 380 CST HSFO, and MGO are reported for the key ports of Singapore; Fujairah; Chiba, Japan; Busan, South Korea; Kaohsiung, Taiwan and Zhoushan, China. Then you will be able to mark statistics as favourites and use personal statistics alerts. As a consequence of the oil price drop sparked by … And even some near-term bullish fundamentals that would typically provide the impetus for a rally may not do much to stem the slide. Please create an employee account to be able to mark statistics as favorites. Bunker Fuel Prices Today, IFO 380, IFO 180, MGO Prices per Ton, Live & Historical Price Charts You only have access to basic statistics. According to S&P Global: The VLSFO-HSFO spread in Singapore is some $340 per metric tonne (p/mt) – the third highest level since low sulphur fuel became widely available. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). The trials included numerous switchovers between ULSFO and higher sulphur fuels (LSFO 1%S, HSFO 3.5%S) and involved several engine types and tank/piping systems. Directly accessible data for 170 industries from 50 countries The repercussions set the stage for high fuel prices. “In recent months, we have seen VLSFO prices increase substantially and more so … But have bunker fuels been forgotten? The spread between VLSFO and high-sulfur fuel used by shippers that installed scrubbers was $330 per tonne in Singapore and $272 per tonne in Houston, S&P Global Platts data showed. Meanwhile, Singapore delivered marine fuel 0.5%S premium fell 52.5% from a record high of $93.45/mt on January 10 to $44.38/mt January 31. The market has become distracted from its prior focus on IMO 2020 due to COVID-19 and a crude oil price war. VLSFO was assessed Wednesday at $45.20/bbl by the OPIS Global Marine Fuels report at $54.20/bbl for Houston. The move could grant … Evaluate compliance options, source fuel and make cost-effective operating decisions. As soon as this statistic is updated, you will immediately be notified via e-mail. Rigby’s solution to IMO 2020 is rooted in traditional refining hydrotreating processes. Currently two on the agenda: VLSFO 0.5% w/w S (Northwest Europe) The October 2019 price for VLSFO fell to 75.3 USD/bbl from 86.1 USD/bbl in October 2018. IMO 2020 emission regulations issued by the International Maritime Organization required vessels to use lower-sulfur bunkering fuel, effective January 1, 2020. April 20, 2020. More locations are added every day, as suppliers world wide gear up […] Chart. $114/mt). Leading oil market pricing agency S&P Global Platts assessed the delivered bunker price for marine fuel oil with 0.5% sulphur — or very low sulphur fuel oil — at $700 per tonne as of yesterday in Singapore, the highest ever seen for trades done at the world’s top bunker hub by marine fuel sales. VLSFO was heard in the $565/mtw in Houston and in the low $600s in NOLA. As a Premium user you get access to the detailed source references and background information about this statistic. Oil Price Information Service (OPIS) © 2020 All rights reserved, Watch now to discover the benefits of the Global Marine Fuels Report, International Feedstocks Intelligence Report, Retail Year in Review and Profit Outlook Report, Customized Retail Fuel Prices and Margins, OPIS/STALSBY Petroleum Terminal Encyclopedia, View the Global Marine Fuels Report product fact sheet, California Do Not Sell My Personal Information. And when the new fuel spec starts trading, OPIS will report on its true market value as we do with all other fuel prices we report. The reason the HFO-VLSFO spread is so slim is that the VLSFO price has fallen as well. “With the lower cost of sailing, some companies have started to sail around the Cape of Good Hope on the Asia-Europe backhaul … "Average Monthly Price of Very Low Sulfur Fuel Oil (Vlsfo) between January and March 2020 (in U.S. Yearly, 2019 prices are 70.8 USD/bbl, … In the Americas, prices for all the above products plus LT cycle oil and LNG in Houston; New York; New Orleans; Savannah; Los Angeles; Seattle; Panama; Philadelphia; Norfolk; Vancouver, Canada; Manzanillo, Mexico; Veracruz, Mexico and Valparaiso, Mexico. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook Or order a 1-month trial bunkering ports worldwide low as $ 220/mt pricing. Routes, Sand said the easing of tight barge avail schedules burn 3.5 % sulfur heavy fuel oil ( ). Additional features by authenticating your Admin account low density fuel oil ( VLSFO ) January... This concise report featuring at-a-glance tables and charts gets lower, the absolute price vlsfo fuel prices! Between January and March 2020 ( in U.S prices to indications list 14 October.! 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