ENGINE: Europe & Africa Bunker Fuel Availability Outlook

Europe and Africa's bunker fuel availability outlook is currently tight in several key ports. Northwest Europe is facing a shortage of prompt supplies in ARA ports, with buyers advised to lead times of 5-7 days for good coverage from suppliers. The region's independent fuel oil stocks have increased by 6% in October compared to September, with imports dropping from 266,000 b/d in September to 250,000 b/d in October.

Most of the fuel volumes in the region have been imported from Lithuania (25%), Mexico (18%) and France (16%). Bunker availability in Hamburg and off Denmark's Skaw and Gothenburg is normal, but buyers should expect a 5-10 day lead time. In the Mediterranean, availability remains tight in Gibraltar Strait ports, with buyers recommended lead times of 7-10 days due to rough weather expected between October 14-15.

In Spain, suppliers require around a week for fuel deliveries, while in Huelva, some delays are expected due to a tight barge schedule. In Las Palmas, buyers are advised lead times of 7-8 days for prompt fuel availability. In Istanbul, prompt deliveries are available with a notice of 1-3 days. Africa's bunker fuel availability is tight in Togo's Lome, with buyers recommended lead times of 5-7 days for VLSFO and LSMGO supplies.

In Nigeria's Lagos Anchorage, VLSFO availability is scarce, with buyers advised a notice of 10-12 days for prompt deliveries. South Africa's Durban is also experiencing tight fuel availability, with buyers advised to book 10-15 days in advance for bunker supplies. Port Louis in Mauritius has very tight fuel availability, with buyers recommended to place orders 10-14 days ahead for prompt supplies.