World News
BUNKER PRICES: G20-VLSFO Index Holds Steady as Crude Slips
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 $513.50/mt on Thursday, remaining near a four-and-a-half-year low reached at the end of last week.
The G20-HSFO Index declined by $1/mt to $450/mt, while the G20-MGO Index gained $1.50/mt to $761.50/mt.
ICE Brent crude futures sank by $1.03/bl to $65.22/bl on Thursday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $3/mt to $478/mt, at Rotterdam they advanced by $7.50/mt to $450/mt, at Fujairah they sank by $0.50/mt to $481/mt, and at Houston they dropped by $1/mt to $460/mt.
On Friday morning Brent crude futures were trading down by $0.21/bl from the previous session's close at $65.01/bl as of 7:21 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 | 478.00 | 3.00 | 681.50 | 6.00 |
| Rotterdam | 450.00 | 7.50 | 676.50 | 10.00 |
| Houston | 460.00 | 1.00 | 661.50 | 0.00 |
| Fujairah | 481.00 | 0.50 | 738.00 | 0.00 |
| Global 20 Ports Average | 513.50 | 0.00 | 761.50 | 1.50 |
| Global 4 Ports Average | 467.50 | 1.00 | 689.50 | 4.00 |
| Global Average Bunker Price | 556.00 | 0.00 | 804.50 | 2.50 |
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