News 17th Jun, 2025

Americas Market Update 17 Jun 2025

Balboa
Houston
Los Angeles
New York
Zona Comun
HSFO
LSMGO
VLSFO

Bunker fuel prices have mostly moved up, while rough weather conditions could impact operations off Trinidad.

IMAGE: The Statue of Liberty seen from New York Harbor. Getty Images

Changes on the day to 08.00 CDT (13.00 GMT) today:

  • VLSFO prices up in New York ($21/mt), Zona Comun ($13/mt), Houston ($12/mt) and Balboa ($1/mt)
  • LSMGO prices up in New York ($27/mt), Houston ($22/mt), and unchanged in Balboa
  • HSFO prices up in New York ($19/mt), Houston ($14/mt), and Balboa ($8/mt)

The Port of New York has recorded the highest price increase across all key ports for all fuel grades. Bunker fuel is available at the port for prompt delivery, with suppliers recommending lead times of around 5 days.

The port's LSMGO price has recorded the steepest increase, at $27/mt. However, it is currently trading at discounts of $158/mt to Bahamas's Freeport, $50/mt to Charleston, $36/mt to Baltimore and $3/mt to Philadelphia.

Zona Comun's VLSFO price, which has increased by $13/mt in the past session, is currently trading at premiums of $67/mt to Rio Grande and $27/mt to Dock Sud in Argentina and is at parity with Bahia Blanca. Both availability and demand have improved at the anchorage compared to recent weeks.

Adverse weather conditions off Trinidad, with high wind gusts and rough seas, have been forecast to potentially disrupt operations between 17–21 June.

“Supply vessels are assessing local sea conditions to determine whether deliveries can proceed during this period,” a source said.

Bunker deliveries are underway at the Galveston Offshore Lightering Area (GOLA), but high seas have been forecast to disrupt operations between 18–20 June.

Waves of up to 5 feet are expected on Thursday, which could cause bunkering delays at the anchorage.

Brent

The front-month ICE Brent contract has gained $1.08/bbl on the day, to trade at $74.27/bbl at 08.00 CDT (13.00 GMT).

Upward pressure:

Brent futures have moved higher amid escalating geopolitical tensions in the Middle East.

The ongoing feud between Israel and Iran has threatened oil supply in the region, adding risk premiums to oil prices, according to market analysts.

“The nature of Israel and Iran's attacks on each other over the weekend suggests [that] risks to the oil market have escalated in this latest phase of the Middle East conflict,” ANZ Bank’s senior commodity strategist Daniel Hynes remarked.

On Monday, US President Donald Trump called for the evacuation of Tehran amid growing fears of further escalation of the conflict in the region. His comments have renewed volatility in the broader financial markets, two analysts from ING Bank said.

The conflict has reignited concerns over the use of key oil transit chokepoints in the region, including the Strait of Hormuz, the Gulf of Aden and the Bab al-Mandab Strait.

“The market remains on edge with the biggest fear a potential blockage of the Strait of Hormuz, which would lead prices to soar further,” the analysts said.

Downward pressure:

Brent’s price has felt some downward pressure due to growing OPEC+ output.

The total crude oil production by OPEC+ members averaged 41.23 million b/d last month, about 180,000 b/d higher than in April, the group said in its latest oil market report.

Oil production by OPEC+’s de-facto leader Saudi Arabia, increased by 177,000 b/d in May to 9.18 million b/d, while the UAE increased its output by 27,000 b/d to about 3 million b/d last month.

Earlier this month, the Vienna-headquartered coalition agreed to increase output by 411,000 b/d for July, maintaining the same monthly increase it has implemented in the past three months.

By Gautamee Hazarika and Aparupa Mazumder

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