World News
BUNKER PRICES: G20-VLSFO Index Drops for Second Session
Bunker fuel prices slipped at most ports on Thursday, with global average VLSFO prices dropping for a second consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $1/mt to $663.50/mt on Thursday, reaching the lowest level since March 13. The G20-HSFO Index declined by $1/mt to $526.50/mt, while the G20-MGO Index lost $6/mt to $877.50/mt.
ICE Brent crude futures jumped by $1.59/bl to $87/bl on Thursday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices lost $3/mt to $637.50/mt, at Rotterdam they advanced by $3/mt to $600/mt, at Fujairah they rose by $1.50/mt to $646/mt, and at Houston they slipped by $0.50/mt to $652/mt.
The market for Brent crude futures is closed on Friday for a public holiday.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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