In the opinion of trading house Gunvor a wide price gap between high sulphur and low sulphur bunker fuel will result from the new regulations for sulphur in 2020. Shell has developed a variety of **MFO 380 CST sales maintain momentum to hit 995,000 mt **Nov LSFO sales rise 4.5% from Oct Fuel Price … In two of the most prominent bunker ports on the eastern hemisphere prices for 0.5% fuel oil went up around 50%. There will be no extra costs apart from the general rise in fuel prices to cover the costs of compliance with the IMO 2020 regulation. Higher fuel costs arise from the consumption of low-sulphur fuels. The IMO 2020 regulation led to increases of about 35-45% in Kayla Meyertons and Wendy Dulaney of global energy and commodity price reporting agency Argus Media on Thursday (24 September) published an article on how refiners on the US Gulf coast are not using jet fuel to blend low sulphur bunker fuel despite reports of such practices as it could cause safety issues and the market mechanisms behind LSFO’s current price strength against jet fuel: The current upheaval has collapsed marine gas oil low-sulphur (MGO LS) prices at the fastest pace in recent memory, even exceeding the demise of the Great Financial Crisis and oil crash … Shell has a clear vision into 2020 with our suite of solutions. Proposed IMO global sulphur specifications on bunker fuels market and options available to reduce fuel oil sulphur are reviewed. In 2016, prices for low-sulfur gasoil, a type of distillate, have averaged over $20 per barrel more than high-sulfur fuel oil (residual oil for use as a fuel) to date. In Shanghai, for example, MGO has dropped $240 p/mt over the first two months of the year, while VLSFO has moved down from $738 p/mt to $440 – a $298 difference. McManus estimates that European combined HSFO and LSFO demand is 750,000bl/d while gasoil demand stands at around 300,000bl/d. Expert: China launches low-sulfur fuel oil futures for pricing power Low sulphur fuel prices have also plunged at other Asian ports. There will be no extra costs apart from the general rise in fuel prices to cover the costs of compliance with the IMO 2020 regulation. Marine diesel oil 0.5%: Specifications generally conform with that of DMB, ISO 8217:2010, with a maximum sulfur content of 0.5%. Only when carriers start actually using low-sulfur fuel later this year will the demand -- and the price -- be established. The simultaneous supply and demand shocks have sent bunker prices racing towards previous low levels with very low-sulphur fuel oil (VLSFO) trading at USD 246 per MT on 5 May 2020 in Singapore. The main type of “bunker” oil for ships is heavy fuel oil, derived as a residue from crude oil distillation. In Singapore, a tonne of very low sulphur fuel (VLSFO) today costs USD 724.50 compared to roughly USD 550 at the beginning of December, data from Ship&Bunker shows. The increased demand for low sulphur bunker fuel alternatives "will have a positive impact on refineries' margins and utilisation," he adds. As Torbjorn Tornqvist, oil trader’s CEO, mentioned recently that ship owners would naturally tend to opt for distillate fuel with a consequent fall in aggregate demand for high sulphur fuel oil in 2020. Bunker Recovery Charge (currently based on the monthly average of the HSFO 380 CST index for each specific trade/service; from Q4 2019, low-Sulphur fuel oil 0.5% may apply, in order to be ready for 2020) (coefficient = fuel consumption per round trip ÷ TEUs carried round trip) BRC. Prices of fuel oil with a maximum sulphur content of 1pc are edging towards parity with Brent crude values in Europe, as fresh demand from the shipping industry emerges ahead of the International Maritime Organisation's (IMO) 0.5pc sulphur cap in 2020. The bunker price page for port Istanbul in Turkey displays latest bunker price at Istanbul. Low-sulfur fuel supply fears wane; price still unclear Greg Knowler, Senior Europe Editor | Mar 21, 2019 2:26PM EDT. The energy costs for deep sea transport are referred to as BAF. Low sulfur 1% bunker fuels: Platts assesses low sulfur 380 CST and 180 CST bunker fuel with a maximum sulfur limit of 1% at various ports. 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