World News
BUNKER PRICES: G20-VLSFO Index Slips for Third Day
Bunker prices mostly fell at ports around the world on Thursday, with global average VLSFO prices falling for a third consecutive day.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $1.50/mt to $492.50/mt on Thursday, reaching its lowest level since October 31.
The G20-HSFO Index sank by $0.50/mt to $433.50/mt, while the G20-MGO Index jumped by $13/mt to $792.50/mt.
ICE Brent crude futures dropped by $0.14/bl to $63.38/bl on Thursday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices rose by $1/mt to $467.50/mt, at Rotterdam they declined by $0.50/mt to $433/mt, at Fujairah they climbed by $1.50/mt to $461/mt, and at Houston they sank by $14.50mt to $437/mt.
On Friday morning Brent crude futures were trading up by $0.60/bl from the previous session's close at $63.98/bl as of 7:52 AM in London. In metric tonne terms that would be equivalent to a $4.52/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 467.50 | 1.00 | 734.50 | 2.00 |
| Rotterdam | 433.00 | 0.50 | 707.00 | 4.50 |
| Houston | 437.00 | 14.50 | 694.50 | 2.50 |
| Fujairah | 461.00 | 1.50 | 742.00 | 4.00 |
| Global 20 Ports Average | 492.50 | 1.50 | 792.50 | 13.00 |
| Global 4 Ports Average | 449.50 | 3.00 | 719.50 | 2.00 |
| Global Average Bunker Price | 538.00 | 8.00 | 826.00 | 7.50 |
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