2024 October 5 15:24Engine: Europe & Africa market update 4 Oct 2024Bunker benchmarks in European and African ports have tracked Brent’s upward movement, and Rotterdam’s Hi5 spread has narrowed further, Engine reported.
A higher-priced prompt HSFO stem fixed at $495/mt for 150-500 mt in the past day has spurred the upward movement in the benchmark.
All grades are tight in Rotterdam, but prompt HSFO supply is most constrained amid bunker barge loading delays at terminals, a trader told ENGINE.
Prompt HSFO supply is subject to enquiry there, the trader added.
Crude oil production in the Sharara and El-feel oilfields, two of the largest Libyan oil production sites, and exports from Essider have resumed, NOC said in a statement...
News articles remains the property of the source. Tellbrief is a news aggregator.
