World News
BUNKER PRICES: G20-VLSFO Index Declines for First Session in Six
Bunker fuel prices slipped at most ports on Thursday, with global average VLSFO prices dropping for the first in six consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $2.50/mt to $678/mt on Thursday, in its first daily decline since October 25. The G20-HSFO Index gained $0.50/mt to $538.50/mt, while the G20-MGO Index advanced by $2/mt to $938/mt.
ICE Brent crude futures jumped by $2.22/bl to $86.85/bl on Thursday.
VLSFO prices at the top ports followed a negative trend. At Singapore prices dropped by $13/mt to $687/mt, at Rotterdam they lost $8/mt to $598/mt, at Fujairah they sank by $14/mt to $674/mt, and at Houston they slipped by $3.50/mt to $607.50/mt.
On Friday morning Brent crude futures were trading up by $0.40/bl at $87.25/bl as of 8:08 AM in London. In metric tonne terms that would be equivalent to a $3.01/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 611.00 | 1.50 | 730.00 | 7.00 |
| Rotterdam | 557.50 | 1.00 | 718.50 | 2.00 |
| Houston | 576.00 | 1.00 | 750.50 | 2.50 |
| Fujairah | 608.50 | 2.50 | 829.00 | 2.00 |
| Global 20 Ports Average | 624.50 | 2.50 | 817.50 | 3.00 |
| Global 4 Ports Average | 588.50 | 0.50 | 757.00 | 2.50 |
| Global Average Bunker Price | 678.50 | 3.50 | 883.50 | 2.00 |
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