World News
BUNKER PRICES: G20-VLSFO Index Drops for Second Day
Bunker fuel prices mostly declined at ports around the world on Thursday, with global average VLSFO prices slipping for a second consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $1/mt to $610/mt on Thursday, reaching its lowest level since January 15.
The G20-HSFO Index was little changed at $509.50/mt, while the G20-MGO Index declined by $1/mt to $779.50/mt.
ICE Brent crude futures rose by $0.29/bl to $76.87/bl on Thursday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices fell by $0.50/mt to $592.50/mt, at Rotterdam they declined by $2/mt to $549/mt, at Fujairah they sank by $1.50/mt to $579/mt, and at Houston they dropped by $3.50/mt to $570/mt.
On Friday morning Brent futures were trading up by $0.08/bl from the previous session's close at $76.95/bl as of 8:00 AM in London. In metric tonne terms that would be equivalent to a $0.60/mt rise on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 592.50 | 0.50 | 716.50 | 1.00 |
| Rotterdam | 549.00 | 2.00 | 675.50 | 1.50 |
| Houston | 570.00 | 3.50 | 728.00 | 4.50 |
| Fujairah | 579.00 | 1.50 | 769.50 | 1.00 |
| Global 20 Ports Average | 610.00 | 1.00 | 779.50 | 1.00 |
| Global 4 Ports Average | 572.50 | 2.00 | 722.50 | 1.00 |
| Global Average Bunker Price | 651.00 | 0.00 | 829.00 | 2.50 |
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