World News
BUNKER PRICES: G20-VLSFO Index Drops for First Session in Three
Bunker fuel prices declined at most ports on Thursday, with global average VLSFO prices dropping for the first in three consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $2/mt to $662/mt on Thursday, erasing the previous day's $1.50/mt gain. The G20-HSFO Index jumped by $5.50/mt to $549/mt, while the G20-MGO Index dropped by $1.50/mt to $855/mt.
ICE Brent crude futures rose by $0.99/bl to $89.01/bl on Thursday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices advanced by $2/mt to $649.50/mt, at Rotterdam they advanced by $0.50/mt to $602/mt, at Fujairah they slipped by $2/mt to $649.50/mt, and at Houston they climbed by $5/mt to $624/mt.
On Friday morning Brent futures were trading up by $0.39/bl from the previous session's close at $89.40/bl as of 9:07 AM in London. In metric tonne terms that would be equivalent to a $2.94/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 625.00 | 9.00 | 732.00 | 15.00 |
| Rotterdam | 577.50 | 3.50 | 739.50 | 1.00 |
| Houston | 595.00 | 0.50 | 767.00 | 4.50 |
| Fujairah | 628.50 | 4.00 | 878.50 | 11.00 |
| Global 20 Ports Average | 645.50 | 0.50 | 827.00 | 5.00 |
| Global 4 Ports Average | 606.50 | 0.50 | 779.50 | 0.50 |
| Global Average Bunker Price | 703.50 | 4.00 | 886.00 | 6.00 |
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