World News
BUNKER PRICES: G20-VLSFO Index Declines for First Session in Ten
Bunker fuel prices declined at most ports on Thursday, with global average VLSFO prices slipping for the first in ten consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $5.50/mt to $660.50/mt on Thursday, reaching the lowest level since January 26. The G20-HSFO Index fell by $8/mt to $499.50/mt, while the G20-MGO Index dropped by $4.50/mt to $881.50/mt.
ICE Brent crude futures fell by $1.85/bl to $78.70/bl on Thursday.
VLSFO prices at the top ports followed a negative trend. At Singapore prices fell by $18.50/mt to $643/mt, at Rotterdam they lost $11.50/mt to $584/mt, at Fujairah they fell by $17/mt to $620/mt, and at Houston they slipped by $4/mt to $627/mt.
On Friday morning Brent futures were trading up by $0.30/bl from the previous day's close at $79/bl as of 5;57 AM in London. In metric tonne terms that would be equivalent to a $2.26/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 624.50 | 1.00 | 732.00 | 8.50 |
| Rotterdam | 571.00 | 3.00 | 758.00 | 16.50 |
| Houston | 591.50 | 4.00 | 760.00 | 5.50 |
| Fujairah | 629.00 | 0.50 | 877.50 | 3.00 |
| Global 20 Ports Average | 637.00 | 0.00 | 819.00 | 3.00 |
| Global 4 Ports Average | 604.00 | 0.00 | 782.00 | 5.50 |
| Global Average Bunker Price | 688.00 | 2.50 | 879.00 | 1.00 |
Popular Now More
-
May 20The company believes the greater affordability in Kings Point will help it to maintain a diverse workforce, Dan-Bunkering's Jordan Felber tells Ship & Bunker. -
May 16The ISO 8217 specifications last had a new full version published in 2017. -
May 16The company is targeting 30-50% growth from this level of traded volumes in 2024, and in Q1 already saw 35% growth from the same period a year earlier, an Oilmar representative tells Ship & Bunker.