ENGINE: Europe & Africa Bunker Fuel Availability Outlook
Northwest Europe Bunker fuel availability is tight for prompt supplies in the ARA, with buyers advised lead times of 5-7 days to get good coverage from suppliers, a trader said. The ARA’s independently held fuel oil stocks have averaged 10% higher so far in August compared to July, according to Insights Global data. The ARA ...
Bunker fuel availability is tight in numerous ports across Europe and Africa, posing challenges for buyers seeking prompt supplies. In the ARA, buyers are advised to lead times of 5-7 days to secure good coverage from suppliers, as independently held fuel oil stocks have averaged 10% higher in August compared to July. The ARA imported 457,000 b/d of fuel oil in the first week of August, a sharp increase from July's monthly average of 159,000 b/d.
Benin, Venezuela, and Colombia were the biggest import sources, with gasoil inventories dropping to their lowest level in over four years. In Spain's Mediterranean ports, including Gibraltar Strait, Barcelona, and Las Palmas, prompt fuel supplies are tight, with buyers advised lead times of 10-12 days for various fuel grades. Tight availability is also observed in Greece's Piraeus, Türkiye's Istanbul, and Africa's major ports such as Lome, Walvis Bay, Lagos, and Port Louis.
Suppliers are facing tight barge availability in many ports, and buyers are advised to lead time deliveries accordingly. Prompt bunker availability is tight in several key ports, necessitating advanced booking and longer lead times for fuel deliveries.
Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
