World News
Bunker Prices Continue to Rise Thursday
Bunker prices continued to rise Thursday, but the gains seen in many ports were less than the double-digit jumps seen earlier in the week.
Singapore and Hong Kong had a sixth consecutive day of gains for IFO380, prices moving up $9.50 to $611.50 per metric tonne (pmt) and $17.00 to $627.50 pmt respectively.
Rotterdam IFO380 gains were for a ninth consecutive day, the price rose $11.50 to $591.50, while MGO moved up $14.50 to $886.50 pmt.
Jeddah and Damman posted new prices effective on Thursday, IFO380 dropping $10.00 to $665.00 in Jeddah and gaining $5.00 to $585.00 pmt in Damman.
Fujairah IFO380 gained for the sixth consecutive day, the price moved up $9.00 to $615.00 pmt the highest price seen since $616.00 on June 15, 2012.
Houston saw both IFO380 and MGO gain for a seventh consecutive day, the price moving up $2.00 to $590.50 and $8.00 to $906.50 respectively.
LA / Long Beach 380 cSt product gained $2.00 moving the price to $600.00, while MDO moved up $1.00 to $1047.00 pmt.
The WTI spot price dropped $0.44 to close at $87.22 per barrel following yesterday's market closure.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 509.00 | 4.50 | 623.00 | 3.00 |
| Rotterdam | 463.00 | 7.00 | 623.50 | 2.00 |
| Houston | 471.50 | 4.50 | 627.50 | 3.50 |
| Fujairah | 501.00 | 4.50 | 714.00 | 1.00 |
| Global 20 Ports Average | 529.00 | 2.50 | 714.50 | 2.50 |
| Global 4 Ports Average | 486.00 | 3.00 | 647.00 | 2.50 |
| Global Average Bunker Price | 572.50 | 2.00 | 753.00 | 2.00 |
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