World News
Global Bunker Prices Firm on Thursday
Global bunker prices firmed in many ports on Thursday with mostly small gains seen in major ports.
Singapore IFO380 gained $4.50 to $574.00, the highest price since last Thursday's $547.50 per metric tonne (pmt).
Hong Kong saw 380 cSt product prices continue to stay within $1.00 of 584.00 since last Friday, today gaining $1.50 to bring the price to $584.50.
Rotterdam IFO380 saw a fourth consecutive day of gains with the price moving up $1.50 to $547.50, while MGO moved up $2.50 to $820.50 pmt.
In Fujairah the price of IFO380 moved up $5.00 to $579.50 pmt, and MGO gained $7.00 bringing the price to $994.50.
Houston IFO380 gained for the second consecutive day this week moving up $1.00 to $551.50.
LA / Long Beach 380 cSt grade fuel dropped $3.00 to $579.50 pmt ending three days of consecutive gains.
Crude prices fell on Thursday with the WTI spot price dropping by $2.52 to close at $77.69 per barrel.
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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