World News
BUNKER PRICES: G20-VLSFO Index Holds Steady as Crude Slips
Bunker prices were mixed in direction at ports around the world on Thursday, with global average VLSFO prices little changed overall at a six-week high despite a drop in crude.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports was little changed at $540/mt on Thursday, having reached its highest level since April 4 the previous day.
The G20-HSFO Index dropped by $4/mt to $469/mt, while the G20-MGO Index rose by $4.50/mt to $723/mt.
ICE Brent crude futures slipped by $1.56/bl to $64.53/bl on Thursday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices fell by $2/mt to $530/mt, at Rotterdam they declined by $2.50/mt to $470/mt, at Fujairah they sank by $12.50/mt to $507/mt, and at Houston they dropped by $4/mt to $465.50/mt.
On Friday morning Brent crude futures were trading up by $0.15/bl from the previous session's close at $64.68/bl as of 5:39 AM in London. In metric tonne terms that would be equivalent to a $1.13/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 530.00 | 2.00 | 619.00 | 4.00 |
| Rotterdam | 470.00 | 2.50 | 626.00 | 3.00 |
| Houston | 465.50 | 4.00 | 624.00 | 3.00 |
| Fujairah | 507.00 | 12.50 | 713.50 | 11.50 |
| Global 20 Ports Average | 540.00 | 0.00 | 723.00 | 4.50 |
| Global 4 Ports Average | 493.00 | 5.50 | 645.50 | 4.00 |
| Global Average Bunker Price | 574.50 | 1.50 | 762.00 | 3.00 |
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