Rotterdam Market Report

Fri 7 Aug 2015, 10:01 GMT

Rotterdam Market Report

Market report from Marine Bunkering (Rotterdam) B.V.

Crude:

The price of North Sea crude, which underpins the Brent oil benchmark, has fallen after a super tanker heading to South Korea unexpectedly turned back, leaving supply more ample, traders and analysts said.

The move effectively increases supply in the backyard of the Brent benchmark, and price differentials of Forties crude and the outright price of Brent itself have weakened. Brent crude futures are trading below $50 a barrel, a six-month low.

Bunker Market:

Prompt supply remains tight due to delays in barge loading.

Dutch time: 11.05 hrs.

Fuel oil RMG 380 HS: 3.5%: USD 255-257

Marine Gas Oil DMA .89/ LS 0.1%: USD 445-448

ULS fuel oil: USD 420-425.

MGO Netherlands Rotterdam (NL)


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