12th July 2021 14:45 GMT

FOB Rotterdam 0.5%S marine fuel barges were assessed at $527.00/mt on July 9, down 50 cents/mt week on week.


0.5%S marine fuel



  • The premium for delivered 0.5%S marine fuel over barges at Rotterdam fell 50 cents/mt week on week to $9.00/mt.
  • Stocks of fuel oil in the Amsterdam-Rotterdam-Antwerp region fell 14% to 1.236 million mt in the week to July 8, according to data from Insights Global, after dropping 4% the previous week.
  • Sentiment was fairly steady on the week, with cargo demand relatively good in the region.
  • In Northwest Europe, bunker demand was largely stable as ports faced few delays or availability issues.
  • Bunker demand in the Mediterranean was quiet, as price volatility around OPEC+ talks dampened demand.



High sulfur fuel oil



  • FOB Rotterdam 3.5% fuel oil barges finished the week to be assessed at $399.50/mt on July 9, down $7.75/mt from the previous week.
  • Sentiment was firmer in the Mediterranean high sulfur cargo market, with few cargoes said to be available in coming weeks. In the Platts Market on Close assessment process, Mercuria and Peninsula both submitted competitive bids for 3.5% RMG cargoes to be delivered to Tangier and Algeciras, respectively.
  • There was some tightness surrounding high sulfur availability in the Mediterranean, but it had little impact on price.
  • The differential between 0.5%S and 3.5%S fuel oil, the Hi-5 bunkers spread, widened on the week by $8/mt to $127/mt at Rotterdam. The Capesize scrubber premium rose $194/day to $3,843/day during the same period.






  • Demand for vacuum gasoil remained strong in both Europe and the US, particularly for low sulfur vacuum gasoil, as global gasoline price differentials climb to fresh highs, according to sources.
  • European gasoline markets have been buoyed by prompt local demand as countries continue to ease COVID-19 restrictions ahead of the holiday season. "LSVGO demand in Europe is very good," one source said. "HSVGO a little less so, but there are still some pockets of demand."
  • In shipping news, the Aframax NS Consul was on subjects to carry about 80,000 mt of VGO from the Black Sea destined for discharge in the US Gulf Coast at Worldscale 55, according to shipping sources.


Britt Russell-Webster / Tamara Sleiman / John Morley / Mary Tiernan, 12th July 2021 14:45 GMT

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12th July 2021

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