ShippingWatch

Major oil fluctuations rub off on shipping lines' fuel prices

The massive fluctuations in the oil price in recent days mean that the price of low-sulfur in the US on Wednesday was lower than that of high-sulfur fuel, notes shipping analyst Lars Jensen. Oil prices increase Thursday.

Photo: Mike Blake/Reuters/Ritzau Scanpix

The ship fuel prices are clearly impacted by the significant fluctuations in the US WTI oil and the North Sea Brent oil in recent days.

According to Seaintelligence Consulting CEO Lars Jensen, this means that the price of low-sulfur fuel oil on the US bunker market Wednesday could be purchased cheaper than a similar ton of high-sulfur oil.

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