LatAm bunkers: Panama demand rises

Market: Oil products
06/11/24

Latin American bunker demand was strong in Panama and moderate elsewhere. Prices were up on increased market activity.

A trio of ex-wharf deals in Panama sold at $579/t for very low-sulphur fuel oil (VLSFO) and $739/t for marine gasoil (MGO). The deals were sized at 500t and 120-230t, respectively. In a separate deal in Balboa, on Panama's Pacific coast, 310t of VLSFO went for $577/t ex-wharf. A 150t MGO enquiry was quoted delivered at $730/t.

In Cartagena, Colombia, 100t of MGO was offered at $589/t delivered.

At the port of El Callao, Peru, 635t of VLSFO sold at $663/t delivered. A 635t VLSFO enquiry was quoted at $665/t delivered there.

VLSFO, sized at 400t, went for $589/t delivered in Santos, Brazil, for 7 November. At Rio Grande, Brazil, 250t of VLSFO sold at $616/t delivered.

A clip of 330t of ultra low-sulphur diesel sold at $1,360/t delivered in Puerto Quetzal, Guatemala. Also in Puerto Quetzal, 300t of MGO was offered at $1,360/t delivered by truck.

For a full list of daily, spot bunker deals and firm price quotes collected by Argus globally click here.

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