World News
BUNKER PRICES: G20-VLSFO Index Falls for First Session in Two Weeks
Bunker fuel prices slipped at most ports on Thursday, with average VLSFO prices declining for the first time in almost two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $2/mt to $674.50/mt on Thursday, the first daily decline since January 6. The G20-HSFO Index advanced by $3/mt to $462.50/mt, while the G20-MGO Index fell by $5/mt to $1,033/mt.
ICE Brent crude futures gained $1.18/bl to $86.16/bl on Thursday.
VLSFO prices at the top ports had mixed directions. At Singapore prices advanced by $5/mt to $667/mt, at Rotterdam they dropped by $10/mt to $580/mt, at Fujairah they fell by $9/mt to $645/mt and at Houston they gained $5.50/mt to $635/mt.
On Friday morning Brent futures were trading up by $0.83/bl at $86.99/bl as of 9:27 AM in London. In metric tonne terms that would amount to a $6.25/mt advance in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.50 | 2.00 | 778.50 | 8.50 |
| Rotterdam | 602.00 | 0.50 | 748.00 | 6.00 |
| Houston | 624.00 | 5.00 | 792.00 | 3.50 |
| Fujairah | 649.50 | 2.00 | 898.00 | 3.00 |
| Global 20 Ports Average | 662.00 | 2.00 | 855.00 | 1.50 |
| Global 4 Ports Average | 631.00 | 1.00 | 804.00 | 0.50 |
| Global Average Bunker Price | 717.50 | 0.50 | 913.50 | 1.00 |
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