World News
BUNKER PRICES: G20-VLSFO Index Declines
Bunker fuel prices declined at most ports on Thursday, paring the previous day's gains as crude futures slumped.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $1.50/mt to $642/mt on Thursday, having risen by $6/mt the previous day. The G20-HSFO Index dropped by $3/mt to $510.50/mt, while the G20-MGO Index dropped by $10/mt to $851/mt.
ICE Brent crude futures sank by $2.39/bl to $77.15/bl on Thursday.
VLSFO prices at the top ports followed a negative trend. At Singapore prices fell by $4.50/mt to $615/mt, at Rotterdam they lost $1.50/mt to $558/mt, at Fujairah they sank by $3/mt to $620/mt, and at Houston they declined by $8.50/mt to $574/mt.
On Friday morning Brent crude futures were trading up by $0.30/bl at $77.45/bl as of 6:56 AM in London. In metric tonne terms that would be equivalent to a $2.26/mt rise in bunker prices.
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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