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Low-sulphur bunker prices rose another $100 per ton on March 7, 2022, to about $1,000 per ton, up a third since the end of February. Traders were predicting crude could reach $200 a barrel, with a possible Russian oil ban under discussion.
Carriers face softening Asia-Europe demand and will likely seek emergency bunker surcharges.
Sharply higher fuel costs raise container shipping rates through surcharges, adding to the landed cost of imported feed ingredients. Energy-driven freight inflation is likely to persist while Russian oil sanctions are under discussion.
theloadstar.comMike WackettMar 8, 2022Not enough comparable past events yet for a historical read.
After 22 past bullish logistics events, Crude Oil (Brent) moved a median -0.7% over 5 sessions (45% higher; middle half -5.7% to +4.5%), and -1.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
