World News
Bunker Prices Continue to Climb on Wednesday
Wednesday bunker prices continued to climb in many ports, but price movements were generally smaller than those seen earlier in the week.
Singapore IFO380 and MGO gained for a fifth consecutive market day climbing $0.50 to $617.50 per metric tonne (pmt) and $1.50 to $890.50 respectively.
In Hong Kong IFO380 and MGO moved up for a sixth consecutive market day gaining $0.50 to $631.00 and $8.50 to $899.50 pmt respectively.
Rotterdam saw IFO380 and MGO climb for a fourth consecutive market day, IFO380 prices gaining $4.50 to $603.50 and MGO $3.00 to $894.50.
Fujairah 380 cSt product moved up for the fifth consecutive market day, up $1.00 to $623.00, and MGO was up for a third consecutive day gaining $3.50 to $1007.50 pmt.
Houston IFO380 moved up for a fourth consecutive market day gaining $3.50 to $602.00, while MGO gained for a seventh consecutive market day up $4.00 to $938.50 pmt.
LA / Long Beach saw IFO380 end two days of consecutive gains and move down $2.50 to $614.00 pmt.
The WTI spot price on Wednesday moved up for a sixth consecutive market day gaining $0.65 to close at $89.87 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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