World News
BUNKER PRICES: VLSFO and MGO Prices Diverge
Bunker fuel prices saw an unusual divergence on Thursday, with VLSFO prices mostly declining while MGO prices advanced.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $1/mt to $592/mt on Thursday, reversing the previous session's $1/mt gain. The G20-HSFO Index climbed by $1/mt to $501/mt, while the G20-MGO Index jumped by $10/mt to $788.50/mt, reaching the highest level since June 22.
ICE Brent crude futures lost $0.13/bl to $76.52/bl on Thursday.
VLSFO prices at the top ports mostly had a negative trend. At Singapore prices fell by $3.50/mt to $582/mt, at Rotterdam they slipped by $1/mt to $546/mt, at Fujairah they declined by $2.50/mt to $572.50/mt, and at Houston they were little changed at $534.50/mt.
On Friday morning Brent crude futures were trading up by $0.41/bl at $76.93/bl as of 6:37 AM in London. In metric tonne terms that would be equivalent to a $3.09/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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