World News
BUNKER PRICES: G20-VLSFO Index Declines for Fourth Day
Bunker prices mostly declined at ports around the world on Thursday, with global average VLSFO prices falling for a fourth consecutive day.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $1.50/mt to $556/mt on Thursday, remaining at its lowest level since June 12.
The G20-HSFO Index rose by $3.50/mt to $478/mt, while the G20-MGO Index sank by $6.50/mt to $755/mt.
ICE Brent crude futures advanced by $0.05/bl to $67.73/bl on Thursday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $2/mt to $520/mt, at Rotterdam they slipped by $6.50/mt to $490.50/mt, at Fujairah they sank by $1.50/mt to $513.50/mt, and at Houston they rallied by $0.50/mt to $480/mt.
On Friday morning Brent crude futures were trading up by $0.35/bl from the previous session's close at $68.08/bl as of 5:14 AM in London. In metric tonne terms that would be equivalent to a $2.64/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 520.00 | 2.00 | 664.00 | 3.50 |
| Rotterdam | 490.50 | 6.50 | 679.00 | 5.50 |
| Houston | 480.00 | 0.50 | 682.50 | 3.50 |
| Fujairah | 513.50 | 1.50 | 725.00 | 1.50 |
| Global 20 Ports Average | 556.00 | 1.50 | 755.00 | 6.50 |
| Global 4 Ports Average | 501.00 | 2.50 | 687.50 | 0.50 |
| Global Average Bunker Price | 591.00 | 4.50 | 796.50 | 7.00 |
Popular Now More
-
Jun 26Mikkel Kannegaard has joined Bunker Holding as head of its newly established global supply organisation as of this month. -
Jun 20HRH Prince Abdulaziz Al Saud bin Turki has launched a new marine fuel trading firm, Eleven Energy, with offices in Saudi Arabia and Rotterdam, a company representative tells Ship & Bunker -
Jun 24The firm's pre-tax profit from continuing operations was down by 63.8% from 2023/24 in what it characterises as 'a very demanding year'.