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 on average despite a fall in crude futures.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports was little changed at $532/mt on Thursday, having gained $1/mt the previous day.
The G20-HSFO Index jumped by $2/mt to $461.50/mt, while the G20-MGO Index was little changed at $706/mt.
ICE Brent crude futures fell by $0.75/bl to $64.15/bl on Thursday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices fell by $3.50/mt to $506.50/mt, at Rotterdam they declined by $1/mt to $471.50/mt, at Fujairah they jumped by $1/mt to $503/mt, and at Houston they rose by $3/mt to $475/mt.
On Friday morning Brent crude futures were trading down by $0.21/bl from the previous session's close at $63.94/bl as of 6:30 AM in London. In metric tonne terms that would be equivalent to a $1.58/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 502.00 | 4.50 | 602.50 | 2.50 |
| Rotterdam | 468.50 | 3.00 | 609.00 | 7.00 |
| Houston | 470.50 | 4.50 | 608.00 | 8.00 |
| Fujairah | 494.50 | 8.50 | 706.00 | 6.00 |
| Global 20 Ports Average | 528.00 | 4.00 | 703.00 | 3.00 |
| Global 4 Ports Average | 484.00 | 5.00 | 631.50 | 2.00 |
| Global Average Bunker Price | 567.50 | 2.50 | 750.00 | 5.50 |
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