World News
BUNKER PRICES: G20-VLSFO Index Slips Despite Rise in Crude
Bunker fuel prices mostly declined at ports around the world on Thursday, with global average VLSFO prices falling from the previous day's two-month high despite a rise in crude futures.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $1/mt to $591.50/mt on Thursday, having reached reaching its highest level since November 11 the previous day.
The G20-HSFO Index fell by $1.50/mt to $499/mt, while the G20-MGO Index climbed by $2/mt to $775/mt.
ICE Brent crude futures jumped by $0.86/bl to $76.92/bl on Thursday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices gained $0.50/mt to $575/mt, at Rotterdam they declined by $0.50/mt to $535/mt, at Fujairah they jumped by $1/mt to $569/mt, and at Houston they were little changed at $570.50/mt.
On Friday morning Brent futures were trading up by $0.67/bl from the previous session's close at $77.59/bl as of 7:58 AM in London. In metric tonne terms that would be equivalent to a $5.05/mt rise on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 575.00 | 0.50 | 700.50 | 3.50 |
| Rotterdam | 535.00 | 0.50 | 673.00 | 5.00 |
| Houston | 570.50 | 0.00 | 711.00 | 1.00 |
| Fujairah | 569.00 | 1.00 | 755.00 | 0.50 |
| Global 20 Ports Average | 591.50 | 1.00 | 775.00 | 2.00 |
| Global 4 Ports Average | 562.50 | 0.50 | 710.00 | 2.50 |
| Global Average Bunker Price | 630.00 | 1.00 | 815.00 | 1.50 |
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