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 | 649.00 | 0.50 | 775.00 | 3.50 |
| Rotterdam | 603.50 | 1.50 | 759.50 | 11.50 |
| Houston | 626.50 | 2.50 | 794.00 | 2.00 |
| Fujairah | 649.00 | 0.50 | 904.50 | 6.50 |
| Global 20 Ports Average | 664.00 | 2.00 | 855.00 | 0.00 |
| Global 4 Ports Average | 632.00 | 1.00 | 808.00 | 4.00 |
| Global Average Bunker Price | 716.50 | 1.00 | 901.00 | 12.50 |
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