World News
BUNKER PRICES: G20-VLSFO Index Slips for Second Day
Bunker fuel prices slipped at most ports on Thursday, with global average VLSFO prices declining for a second consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $3.50/mt to $670/mt on Thursday, reaching the lowest level since November 20. The G20-HSFO Index fell by $2.50/mt to $524/mt, while the G20-MGO Index was little changed at $892/mt.
ICE Brent crude futures sank by $0.54/bl to $81.42/bl on Thursday.
VLSFO prices at the top ports mostly followed a negative trend. At Singapore prices fell by $7.50/mt to $708/mt, at Rotterdam they lost $3/mt to $590/mt, at Fujairah they sank by $12/mt to $670/mt, and at Houston they advanced by $4.50/mt to $575/mt.
On Friday morning Brent crude futures were trading up by $0.03/bl at $81.45/bl as of 7:52 AM in London. In metric tonne terms that would be equivalent to a $0.23/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 612.50 | 0.00 | 723.00 | 2.00 |
| Rotterdam | 558.50 | 3.50 | 720.50 | 0.00 |
| Houston | 575.00 | 6.50 | 748.00 | 4.50 |
| Fujairah | 606.00 | 2.50 | 827.00 | 4.50 |
| Global 20 Ports Average | 622.00 | 1.00 | 814.50 | 1.00 |
| Global 4 Ports Average | 588.00 | 3.00 | 754.50 | 2.00 |
| Global Average Bunker Price | 675.00 | 1.50 | 881.50 | 1.50 |
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