World News
BUNKER PRICES: G20-VLSFO Index Holds Steady
Bunker fuel prices held steady at most ports on Thursday amid thin trading at the end of the IE Week events in London.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports was little changed at $662/mt on Thursday, remaining at the highest level since February 23. The G20-HSFO Index was little changed at $506/mt, while the G20-MGO Index dropped by $6.50/mt to $872/mt.
ICE Brent crude futures fell by $0.24/bl to $81.91/bl on Thursday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices lost $1/mt to $639.50/mt, at Rotterdam they advanced by $1/mt to $582/mt, at Fujairah they rose by $1/mt to $632/mt, and at Houston they dropped by $0.50/mt to $635.50/mt.
On Friday morning Brent futures were up by $0.05/bl from the previous session's close at $81.96/bl as of 8:53 AM in London. In metric tonne terms that would equate to a $0.38/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.00 | 0.50 | 775.00 | 3.50 |
| Rotterdam | 603.50 | 1.50 | 759.50 | 11.50 |
| Houston | 626.50 | 2.50 | 794.00 | 2.00 |
| Fujairah | 649.00 | 0.50 | 904.50 | 6.50 |
| Global 20 Ports Average | 664.00 | 2.00 | 855.00 | 0.00 |
| Global 4 Ports Average | 632.00 | 1.00 | 808.00 | 4.00 |
| Global Average Bunker Price | 716.50 | 1.00 | 901.00 | 12.50 |
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