World News
BUNKER PRICES: G20-VLSFO Index Slips for Fourth Day
Bunker fuel prices declined at most ports on Thursday, with global average VLSFO prices slipping for a fourth consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $0.50/mt to $623/mt on Thursday, remaining at the lowest level since January 11. The G20-HSFO Index dropped by $3.50/mt to $490.50/mt, while the G20-MGO Index fell by $1.50/mt to $847.50/mt.
ICE Brent crude futures jumped by $1.22/bl to $79.10/bl on Thursday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices rose by $9.50/mt to $609/mt, at Rotterdam they gained $10/mt to $546.50/mt, at Fujairah they advanced by $1.50/mt to $599.50/mt, and at Houston they jumped by $3/mt to $584/mt.
On Friday morning Brent crude futures were trading down by $0.07/bl at $79.03/bl as of 6:16 AM in London. In metric tonne terms that would be equivalent to a $0.53/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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