1 / 29

Analyzing Global Fuel Oil Prices and Market Trends

Dive into the structure of world fuel oil prices with Lawrence Axelrod at Axelrod Energy Projects Workshop in Beijing, October 29, 2009. Explore trends in various regions, including the United States, Europe, and Singapore, as well as crude oil ratios and price differentials impacting the industry. Discover insights on high sulfur fuel oil (HSFO) dynamics, narrowing spreads, bunker margins, and more.

adolph
Télécharger la présentation

Analyzing Global Fuel Oil Prices and Market Trends

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. WORLD FUEL OIL PRICES:IN SEARCH OF STRUCTURE Lawrence Axelrod Axelrod Energy Projects Jifeng Workshop October 29, 2009 Beijing

  2. Overview • United States • New York 1%S • US Gulf 3%S • Europe • Med 1%S • NWE 3.5%S • Singapore • LSWR • HSFO 380 cSt

  3. Crude ($/bbl)

  4. Ratios (%)

  5. New York ($/bbl)

  6. New York ($/bbl)

  7. New York ($/bbl)

  8. New York ($/bbl)

  9. US Gulf ($/bbl)

  10. US Gulf ($/bbl)

  11. US Gulf ($/bbl)

  12. US Gulf ($/bbl)

  13. Med ($/bbl)

  14. Med ($/bbl)

  15. Med ($/bbl)

  16. NWE ($/bbl)

  17. NWE ($/bbl)

  18. NWE ($/bbl)

  19. NWE ($/bbl)

  20. Singapore LSWR ($/bbl)

  21. Singapore LSWR ($/bbl)

  22. Singapore LSWR ($/bbl)

  23. Singapore HSFO ($/bbl)

  24. Singapore HSFO ($/bbl)

  25. Singapore HSFO ($/bbl)

  26. Singapore HSFO ($/bbl)

  27. Conclusion • Strong HSFO -- narrow Hi-Lo’s • Narrowing spreads -- .3LP/.3HP & Sing 180/380 • Steady HSFO arb to East • Reversal of inter-regional LSFO spreads • Bunker margins under pressure

More Related