Houston — Marine fuel bunkering operations in the port of New Orleans were heard coming to a halt Friday, sources said, as Tropical Storm Barry was expected to hit the Louisiana shore Saturday and supplier price quotes were heard slowing.
Receive daily email alerts, subscriber notes & personalize your experience.Register Now
"One supplier yesterday said they were packing it in today until the storm passes," one source said.
Trade sources pointed to Monday as a potential restart date in activity, but said it would depend on conditions.
Any restart "depends on the water level in the river," another source said. The source added that it was already flooded at 16 feet and it would not take much to overflow the river and the port.
A third source said it will depend on what happens after the storm and if there is any damages. "Anchorages could have water levels too high," the source said.
S&P Global Platts assessed IFO 380 in the port of New Orleans $10 lower day on day at $415/mt Thursday and marine gasoil fell $4 to $626/mt ex-wharf.
--Emmanuel Gallegos, email@example.com
--Edited by Keiron Greenhalgh, firstname.lastname@example.org