World News
Crude Oil, Bunker Prices, Continue to Fall on Thursday
Many ports saw another day of double-digit drops after crude fell once again on Thursday, with IFO380 in Singapore, Rotterdam, Fujairah, and Houston all reaching lows for the month.
IFO380 prices in Singapore dropped $17.50 to $574.50, with MGO falling $16.50 to $817.50.
Rotterdam IFO380 moved down $12.00 to $556.50.
Fujairah 380 cSt product was down for the forth consecutive day, moving the price down $9.50 to $582.50 per metric tonne (pmt).
In Houston IFO380 prices shed $14.50 from yesterday's $573.50 moving the price down to $559.00.
LA / Long Beach saw IFO380 prices slip for the 10th consecutive day, dropping $4.00 to a new monthly low of $570.00 pmt.
Crude fell once again with WTI spot prices slumping by $3.96 to close at $77.84.
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 |
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