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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 | 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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