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 | 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.