By Srinivas Chowdary Sunkara // petrobazaar // 19th April, 2023.
Bunker prices in Americas declined along with brent values. Narrowing lead time for VLSFO and LSMGO supplies weighed on prices in Houston. HSFO lead time is widening to 5-6 days in Houston. Bad weather condition could disrupt bunkering operationa in Argentina's Zona Comun. Supplies are getting tightened prompt dates of all bunker fuel grades in Panama's Balboa. Singapore and Rotterdam's VLSFO cracks gained while Singapore's June-July VLSFO spread widened by $1/mt yesterday from previous day settlement. Upside momentum of Fuel oil price revision is expected in India as per today's trends.
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