World News
BUNKER PRICES: G20-VLSFO Index Declines for Second Day
Bunker fuel prices declined at most ports on Thursday, with global average VLSFO prices slipping for a second consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $4.50/mt to $626/mt on Thursday, reaching the lowest level since August 26.
The G20-HSFO Index dropped by $2.50/mt to $498.50/mt, while the G20-MGO Index declined by $4.50/mt to $772/mt.
ICE Brent crude futures jumped by $1.29/bl to $79.94/bl on Thursday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices lost $11/mt to $628.50/mt, at Rotterdam they fell by $5.50/mt to $558.50/mt, at Fujairah they sank by $8.50/mt to $614/mt, and at Houston they fell by $2/mt to $552/mt.
On Friday morning Brent futures were trading up by $0.27/bl from the previous session's close at $80.21/bl as of 8:01 AM in London. In metric tonne terms that would be equivalent to a $2.03/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 569.50 | 6.50 | 680.00 | 10.50 |
| Rotterdam | 514.00 | 2.50 | 676.00 | 7.50 |
| Houston | 547.50 | 0.00 | 671.50 | 1.50 |
| Fujairah | 561.00 | 0.50 | 751.00 | 1.50 |
| Global 20 Ports Average | 586.00 | 0.00 | 759.00 | 0.00 |
| Global 4 Ports Average | 548.00 | 2.00 | 694.50 | 5.00 |
| Global Average Bunker Price | 633.50 | 1.00 | 798.50 | 0.50 |
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