Singapore bunker sales up 2.8 per cent to 3.42 million tonnes in April

Marine fuel sales in Singapore, the world's largest bunker port by volume, hit a second consecutive all-time high at 3.42 million tonnes for April, up 2.8 per cent from a month ago, official data showed. Traders said rising fixed-price levels in April, plus heavy supplies in East Asia, drew buyers to Singapore, where prices are the lowest in the region.

Bunker premiums for April, the price differential between ex-wharf bunker and fuel oil cargo values, averaged at 79 US cents a tonne, the lowest this year, and well below last year's average of US$6.88, Reuters data show.

Source: www.reuters.com