World News
BUNKER PRICES: G20-VLSFO Index Advances for Third Day
Bunker prices mostly advanced at ports around the world on Thursday, with global average VLSFO prices climbing for a third consecutive day.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1/mt to $519.50/mt on Thursday, remaining at its highest level since April 30.
The G20-HSFO Index slipped by $1/mt to $448.50/mt, while the G20-MGO Index fell by $1.50/mt to $694/mt.
ICE Brent crude futures jumped by $1.72/bl to $63.84/bl on Thursday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices rose by $3.50/mt to $504.50/mt, at Rotterdam they advanced by $2/mt to $444/mt, at Fujairah they climbed by $1.50/mt to $494.50/mt, and at Houston they jumped by $1/mt to $446/mt.
On Friday morning Brent crude futures were trading down by $0.65/bl from the previous session's close at $63.19/bl as of 6:21 AM in London. In metric tonne terms that would be equivalent to a $4.89/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 504.50 | 3.50 | 592.50 | 6.00 |
| Rotterdam | 444.00 | 2.00 | 589.00 | 1.50 |
| Houston | 446.00 | 1.00 | 588.00 | 3.00 |
| Fujairah | 494.50 | 1.50 | 707.00 | 1.50 |
| Global 20 Ports Average | 519.50 | 1.00 | 694.00 | 1.50 |
| Global 4 Ports Average | 472.00 | 2.00 | 619.00 | 3.00 |
| Global Average Bunker Price | 561.00 | 0.50 | 745.50 | 0.00 |
Popular Now More
-
May 05BP was listed by the MPA as being in the top ten of its licensed bunker suppliers by volume in 2024, and came in at seventh place in 2023 and sixth in 2022. -
May 07"They say they will not be blowing up ships any more, and that's the purpose of what we were doing," President Trump said. -
May 08This drop came before much of the current trade uncertainty driven by volatile US trade policy, meaning further declines are likely in Q2's figures.