World News
BUNKER PRICES: G20-VLSFO Index Holds Steady as Crude Jumps
Bunker fuel prices were mixed in direction at ports around the world on Thursday, with global average VLSFO prices little changed overall despite a rise in crude futures.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports was little changed at $549/mt on Thursday, having reached its lowest level since September 2021 the previous day.
The G20-HSFO Index fell by $3.50/mt to $485.50/mt, while the G20-MGO Index rose by $1.50/mt to $743.50/mt.
ICE Brent crude futures advanced by $1.22/bl to $72.00/bl on Thursday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices rose by $0.50/mt to $516/mt, at Rotterdam they jumped by $3/mt to $495/mt, at Fujairah they advanced by $3/mt to $511/mt, and at Houston they dropped by $0.50/mt to $527.50/mt.
On Friday morning Brent futures were trading up by $0.29/bl from the previous session's close at $72.29/bl as of 6:21 AM in London. In metric tonne terms that would be equivalent to a $2.18/mt rise on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 519.50 | 3.50 | 644.00 | 0.00 |
| Rotterdam | 497.50 | 2.50 | 631.50 | 3.50 |
| Houston | 530.50 | 3.00 | 665.00 | 2.00 |
| Fujairah | 514.00 | 3.00 | 743.50 | 1.00 |
| Global 20 Ports Average | 551.50 | 2.50 | 747.00 | 3.50 |
| Global 4 Ports Average | 515.50 | 3.00 | 671.00 | 0.50 |
| Global Average Bunker Price | 597.00 | 3.50 | 779.00 | 2.00 |
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