World News
BUNKER PRICES: G20-VLSFO Index Holds Steady as Crude Drops
Bunker prices were mixed in direction at ports around the world on Thursday, with global average VLSFO prices holding steady overall despite a drop in crude futures.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports was little changed at $524/mt on Thursday, remaining at its highest level since September 9.
The G20-HSFO Index rose by $1.50/mt to $444/mt, while the G20-MGO Index jumped by $1.50/mt to $772/mt.
ICE Brent crude futures sank by $0.51/bl to $67.44/bl on Thursday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices fell by $2.50/mt to $490.50/mt, at Rotterdam they declined by $4/mt to $459.50/mt, at Fujairah they sank by $2.50/mt to $490/mt, and at Houston they dropped by $2/mt to $487/mt.
On Friday morning Brent crude futures were trading down by $0.17/bl from the previous session's close at $67.27/bl as of 7:37 AM in London. In metric tonne terms that would be equivalent to a $1.28/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 481.00 | 1.00 | 675.50 | 3.50 |
| Rotterdam | 442.50 | 0.00 | 666.50 | 1.50 |
| Houston | 461.00 | 0.50 | 661.50 | 1.50 |
| Fujairah | 481.50 | 2.00 | 738.00 | 1.50 |
| Global 20 Ports Average | 513.50 | 1.50 | 760.00 | 0.00 |
| Global 4 Ports Average | 466.50 | 1.00 | 685.50 | 0.50 |
| Global Average Bunker Price | 556.00 | 1.00 | 802.00 | 1.00 |
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