Bunker oil Prices, markets & analysis
Stay abreast of the Asian bunker oil markets.
From pricing information to the analysis you need to understand it, ICIS coverage of Asia bunker oil markets is second to none.
Our locally based reporters constantly update our independent price assessments and market coverage, giving you a firm foundation in all your dealings.
Use ICIS information to:
- Follow price drivers and fluctuations
- Inform your internal market modelling
- Back up your negotiations
- Determine settlement and contract terms
Now availiable: Comprehensive data on over 300 commercial oil terminals in China
Bunker oil news and market information products from ICIS
We offer the following regional Bunker oil coverage to keep you informed of factors and developments affecting prices in the Asia Bunker oil marketplace.
Price Reporting – More information about the price reports we publish on Bunker oil
Independent price assessments and market coverage
Price History – More information about the historical price data we publish on Gas
Track historical price data
News & analysis
News & Analysis - News & market analysis specifically relating to Bunker oil
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Updated to Q4 2014
Refining margins for fuel oil remained in the red despite a steep fall in upstream ICE Brent crude oil futures.
Amendments to the International Maritime Organization’s (IMO) Marpol and European Commission’s sulphur directive mandate a maximum sulphur use of 0.1% in bunker fuel from 1 January 2015.
The new regulation will become effective in the “emission controlled area” (ECA) of the Baltic Sea, North Sea, English Channel and waters 200 nautical miles from the coast of the US and Canada.
Low-sulphur fuel oil (LSFO) with 1% sulphur content – the grade being replaced - stopped trading in the European open market in early November, almost two months ahead of the New Year.
Some of the shipping industry’s biggest companies have come together to prevent fraud in meeting the costly new sulphur regulations in order to avoid unfair competition.
Marine gasoil with 0.1% sulphur – the most viable alternative shipping fuel – is approximately $300/tonne more expensive than 1% LSFO, placing shippers in an economic quandary.
But Veritas Petroleum Services (VPS), a fuel quality inspection firm, believes marine gasoil would be the only option for most vessels in the beginning of next year, despite a rise in new hybrid fuels.
Many oil companies, including Shell, ExxonMobil and Lukoil, have jumped on the bandwagon to produce a new grade of ultra low sulphur fuel oil (ULSFO) with 0.1% sulphur and other hybrid fuels forecasted to sell up to $150/tonne cheaper than marine gasoil.
Meanwhile, high-sulphur fuel oil with a 3.5% sulphur content continues to trade in the open platform as the grade is only used as a bunker fuel outside the ECA.
ICIS C1 Energy bunker market coverage provides readers with unrivalled pricing information and insights into Asia's bonded bunker markets.
Subscribers receive a daily market snapshot, including prices and news of 11 Chinese mainland ports and 19 Asian markets, including Singapore, South Korea, Japan, Hong Kong, along with a weekly market report.
The report offers information on the latest developments and news on bunker and bunker-related markets in China and across Asia. It supplies readers with price comparisions fo 29 ports week on week, in-depth analysis on key bunker news, margin analysis of bonded bunker supply and spread analysis of bonded bunker fuel oil prices in China, Singapore, Hong Kong, South Korea and Japan.
Readers can also benefit from reading a market commentary on China's bunker market, including mainland bonded bunker, internal-trade bunker, and Hong Kong and Taiwan bunker along with China's bunker shipping fixtures. The report also covers the shipping market, publishing information on the China export container market, and the international bulk dry and dirty cargo shipping market.
ICIS offers an unmatched historical data series thanks to its pioneering work on the energy markets. Whether you are looking to build pricing models, analyse past trends or strengthen your risk management strategy, ICIS's historical data will help you make better decisions and complete your data archive.
Our historical pricing information includes price assessments, indices and trades and - for some markets - stretches as far back as 1994. Our historical data suite can provide you with: price assessments and trades for Europe's most liquid hubs; benchmark indices series for flagship NBP market; unrivalled price history for seven European power markets; LNG price assessments, pool prices and trades; detailed pricing information for the crude oil, carbon and coal markets; tailored packages to suit your needs.
For further information on how to access the data, please call the sales team on +44 (0)20 7911 1919.
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Bunker oil, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.