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 | 523.50 | 6.50 | 613.00 | 6.00 |
| Rotterdam | 472.50 | 2.50 | 630.50 | 4.50 |
| Houston | 468.00 | 2.50 | 619.50 | 4.50 |
| Fujairah | 520.00 | 13.00 | 724.00 | 10.50 |
| Global 20 Ports Average | 539.00 | 1.00 | 720.00 | 3.00 |
| Global 4 Ports Average | 496.00 | 3.00 | 647.00 | 1.50 |
| Global Average Bunker Price | 572.50 | 2.00 | 765.00 | 3.00 |
Popular Now More
-
May 19The new company is now 'officially open for business', co-CEO Peter Grünwaldt said. -
May 13The firm will no longer take on new business after more than 45 years in bunkering. -
May 19Kasper Soerensen has joined the company as head of marine fuels sourcing for the east as of this month.