World News
Bunker Prices Extend Gains in All Markets Thursday
Bunker prices made gains in all markets Thursday, Ship & Bunker data showed, with IFO380 in key price indicator ports Singapore, Fujairah and Houston making double-digit moves.
Singapore IFO380 and MGO both climbed for a sixth consecutive market day gaining $11.00 to $628.50 per metric tonne (pmt) and $25.50 to $916.00 respectively.
Hong Kong saw IFO380 and MGO move up for a seventh consecutive market day, IFO380 climbing $4.50 to $635.50 and MGO $9.50 to $909.00 pmt.
In Rotterdam IFO380 and MGO climbed for a fifth consecutive market day rising $8.00 to $611.50 and $10.50 to $905.00 pmt respectively.
Fujairah 380 cSt product gained for the sixth consecutive market day, up $12.50 to $635.00, while MGO moved up for the fourth consecutive day gaining $1.50 to $1009.00 pmt.
Houston IFO380 and MGO both gained $11.00; IFO380 was up for a fifth consecutive market day and moved to $613.00, and MGO climbed for an eighth consecutive market day putting the price at $949.50.
LA / Long Beach saw IFO380 gain $2.50 to $616.50 pmt.
Thursday's WTI spot price moved up for a seventh consecutive market day gaining $2.79 (3.10%) to bring the closing price to $92.66 per barrel.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 491.00 | 2.50 | 592.50 | 16.50 |
| Rotterdam | 445.00 | 13.00 | 593.50 | 11.00 |
| Houston | 443.50 | 6.50 | 601.50 | 5.50 |
| Fujairah | 487.00 | 10.50 | 711.00 | 12.00 |
| Global 20 Ports Average | 517.50 | 1.50 | 697.00 | 3.00 |
| Global 4 Ports Average | 466.50 | 3.50 | 624.50 | 0.00 |
| Global Average Bunker Price | 559.50 | 2.50 | 736.00 | 2.00 |
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