World News
BUNKER PRICES: G20-VLSFO Index Retreats
Bunker fuel prices declined at most ports on Thursday, with average global VLSFO prices retreating after hitting a three-week high the previous day.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $7/mt to $596/mt on Thursday, paring Wednesday's gains. The G20-HSFO Index lost $2.50/mt to $489.50/mt, while the G20-MGO Index climbed by $1/mt to $780/mt.
ICE Brent crude futures lost $2.10/bl to $76.26/bl on Thursday.
VLSFO prices at the top ports had a negative trend. At Singapore prices fell by $1.50/mt to $582/mt, at Rotterdam they declined by $7.50/mt to $532/mt, at Fujairah they sank by $9/mt to $565.50/mt, and at Houston they dropped by $4.50/mt to $532.50/mt.
On Friday morning Brent crude futures were trading up by $0.17/bl at $76.43/bl as of 9:22 AM in London. In metric tonne terms that would be equivalent to a $1.28/mt rally 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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