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 | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
Popular Now More
-
Nov 21CCO Christoffer Berg Lassen is stepping down from the company to be replaced by Anders Grønborg, while Peder Møller becomes its first chief operating officer. -
Nov 20The ISO 6853:2024 specifications, the first of their kind, cover the general requirements and properties for methanol specifically being used as marine fuel. -
Nov 21CTI-Maritec reports on undeclared quantities of cashew nut shell liquid found in VLSFO samples from Rotterdam and Singapore.