04 /17 Closing Prices / revised 04/18/2024 07:51 GMT 04/17    OPEC Basket    $89.64    -$0.58  | 04/17     Mexico Basket (MME)   $76.44  -$2.48 | 04/12    Venezuela Basket (Merey)  $70.98    +$3.71  | 04/17      NYMEX WTI Texas Intermediate May CLK24   $82.69  -$2.67   | 04/17    ICE Brent June  BRNM24      $87.29   -$2.73    | 04/17     NYMEX Gasoline May RBK24   $2.73   -3.3%   |  04/17    NYMEX  Heating Oil May  HOK24   $2.57  -2.9 %   | 04/17     Natural Gas May NGK24    $1.71  -1.2% | 04/12    Active U.S. Rig Count (Oil & Gas)    617   -3  | 04/18    USD/MXN Mexican Peso  16.9479  (data live) | 04/18   EUR/USD    1.0685   (data live)  | 04/18    US/Bs. (Bolivar)   $36.32650000 ( data BCV)  

Panama bunker sales dip on lower traffic – Argus

Source: Gibson Shipbrokers
Source: Gibson Shipbrokers

Stefka Wechsler, Argus Media

PANAMA CITY
EnergiesNet.com 10 06 2023

Panama bunker sales dropped by 11pc in August from a year earlier, reflecting cuts in vessel transits because of declines in water flows from lakes that feed the canal.

Bunker sales dropped to 420,128t in August from 472,448t a year earlier, according to data from the Panama Canal Authority.

The Panama Canal Authority reduced the number of daily vessel transits through the canal on 30 July to 32 from a normal average of 38 as a prolonged drought reduced flows from the Gatun and Alajuela lakes.

Panama’s bunker sales in August declined across the different types of marine fuels: very low-sulphur fuel oil (VLSFO) and high-sulphur fuel oil (HSFO) declined by 9pc each to 292,280t and 83,199t, respectively. Marine gasoil (MGO) demand was down by 26pc to 44,649t.

VLSFO in Panama was priced the cheapest in Latin America in August, even compared to the typically cheaper port of Santos, Brazil, Argus data showed. By comparison, Panama MGO ranked the fourth cheapest in Latin America in August, after Rio de Janeiro and Santos, Brazil; and Cartagena, Colombia.

argusmedias.com 10 03 2023

Share this news

Support EnergiesNet.com

By Elio Ohep · Launched in 1999 under Petroleumworld.com

Information & News on Latin America’s Energy, Oil, Gas, Renewables, Climate, Technology, Politics and Social issues

Contact : editor@petroleuworld.com


CopyRight©1999-2021, EnergiesNet.com™  / Elio Ohep – All rights reserved
 

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond ‘fair use’, you must obtain permission fromPetroleumworld or the copyright owner of the material.

 
 
Scroll to Top