World News
BUNKER PRICES: G20-VLSFO Index Falls for First in Three Sessions
Bunker fuel prices declined at most ports on Thursday, with global average VLSFO prices slipping for the first in three consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $3/mt to $648/mt on Thursday, having reached the highest level since May 1 the previous day.
The G20-HSFO Index fell by $3/mt to $551/mt, while the G20-MGO Index dropped by $4.50/mt to $853.50/mt.
ICE Brent crude futures advanced by $0.09/bl to $87.43/bl on Thursday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices lost $2.50/mt to $638/mt, at Rotterdam they rose by $3/mt to $589.50/mt, at Fujairah they declined by $0.50/mt to $639/mt, and at Houston they jumped by $2/mt to $617/mt.
On Friday morning Brent futures were trading down by $0.28/bl from the previous session's close at $87.15/bl as of 7:08 AM in London. In metric tonne terms that would be equivalent to a $2.11/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 569.50 | 0.00 | 680.00 | 0.00 |
| Rotterdam | 515.00 | 1.00 | 674.00 | 2.00 |
| Houston | 550.00 | 2.50 | 678.00 | 6.50 |
| Fujairah | 560.50 | 0.50 | 753.50 | 2.50 |
| Global 20 Ports Average | 586.00 | 0.00 | 761.00 | 2.00 |
| Global 4 Ports Average | 549.00 | 1.00 | 696.50 | 2.00 |
| Global Average Bunker Price | 634.50 | 1.00 | 800.50 | 2.00 |
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