World News
Week Ends with Bunker Prices Climbing Further
The week ended with the price of IFO380 bunker fuel in key indicator ports making further strong gains according to Ship & Bunker data.
Week-on-week gains in Singapore, Hong Kong, Rotterdam and Houston were all between 6.05% and 6.71% while Fujairah was up 5.41%.
Singapore IFO380 was up for a seventh consecutive market day moving $7.00 to $635.50 per metric tonne (pmt), and MGO was steady at $916.00 pmt ending six consecutive market days of gains.
Hong Kong IFO380 and MGO moved up for an eighth consecutive market day, IFO380 up $13.50 to $649.00 and MGO climbing $14.00 to $923.00 pmt.
Rotterdam saw IFO380 and MGO gained for a sixth consecutive market day, prices moving up $8.50 to $620.00 and $12.00 to $917.00 respectively.
In Fujairah IFO380 moved up for a seventh consecutive market day gaining $7.50 to $642.50, and MGO was down $1.50 to $1007.50 pmt ending four consecutive days of gains.
Houston 380 cSt product was up for a sixth consecutive market day gaining $10.00 to $623.00, while MGO moved up for a ninth consecutive market day up $20.50 to $970.00 pmt.
LA / Long Beach IFO380 gained for a second consecutive day moving up $14.00 to $630.50 pmt.
The WTI spot price ended the week with the first negative movement in eight days, the price dropping $1.22 to close at $91.44 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 |
Popular Now More
-
Apr 30The new hire was previously director of marine fuel marketing at UET Marine in Houston. -
May 01The new hire previously worked as a bunker trader for KPI OceanConnect from May 2024 to last month. -
May 01The US government's push to update outdated LNG regulations could unlock new opportunities for bunkering infrastructure.