Bunker prices rise sharply amid ongoing Hormuz crisis
pre-market1 source ↓written by the desknot a recommendation
- top hubs
- $882 per tonne
- from July lows
- 30% increase
- July lows
- 69% year-on-year
- HSFO averages
- $749.50 per tonne
- from July
- 42%
Bunker prices are escalating due to the prolonged Hormuz crisis. The average VLSFO price at top hubs is $882 per tonne, a 30% increase from July lows and 69% year-on-year. Meanwhile, HSFO averages $749.50 per tonne, up 42% from July and 64% year-on-year. The VLSFO-HSFO spread has reached nearly $200 per tonne in August, indicating significant market pressure.
Not investment advice. For informational purposes only.