ENGINE: Europe & Africa Bunker Fuel Availability Outlook

Northwest Europe Prompt fuel availability is tight in the ARA ports, and buyers are recommended lead times of 5-7 days to get good coverage from suppliers, a trader told ENGINE.

B100 demand has picked up in Rotterdam as the biofuel grade trades at a wide discount to LSMGO, the trader said. Rotterdam’s B100 price has fallen by around $182/mt in the past month, to $1,182/mt, according to ENGINE data. That puts it $265/mt below the port’s LSMGO price of $1,447/mt, and the gap has widened by $194/mt in a month.

The ARA’s independently held fuel oil stocks have averaged 7% higher in October so far than in September, according to Insights Global data. Stocks have risen 62% since May, when they hit their lowest level in more than a decade. But they are still 9% below February levels, before Israel and the US went to war with Iran.

The region’s independent gasoil stocks, which include diesel and heating oil, have gained 6% in October so far compared to September, Insights Global data shows.

This story was originally published by Hellenic Shipping News. Read the full story at Hellenic Shipping News →