World News
Bunker Prices Lack Direction in Many Ports on Wednesday
Bunker prices lacked direction on Wednesday, with many regions seeing mixed movements.
Singapore IFO380 moved down for the fourth consecutive market day falling $1.00 to $591.50, while MGO dropped $0.50 to $861.00 per metric tonne (pmt).
Hong Kong saw IFO380 gain $0.50 to $605.00 pmt ending three consecutive market days of losses, and MDO moved up $6.50 to $876.50.
Rotterdam 380 cSt product ended three consecutive market days of losses moving up $0.50 to $575.00, while MGO gained $8.00 to put the price at $870.00 pmt.
In Fujairah IFO380 fell for the fourth consecutive market day, the price dropping $3.50 to $595.50, and MGO moved up for a second consecutive day gaining $3.50 to put the price at $993.50.
Houston saw IFO380 drop $1.50 moving the price to $578.50 pmt, while MGO moved up for a second consecutive day gaining $6.00 to $910.00 pmt.
LA / Long Beach IFO380 was steady on Wednesday, the price remaining at $603.00 pmt.
The Wednesday WTI spot price was up $1.90 to bring the closing price to $85.81 per barrel.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 504.50 | 2.50 | 620.00 | 3.00 |
| Rotterdam | 456.00 | 1.50 | 621.50 | 2.00 |
| Houston | 476.00 | 7.00 | 624.00 | 1.00 |
| Fujairah | 496.50 | 2.00 | 713.00 | 2.50 |
| Global 20 Ports Average | 526.50 | 0.50 | 712.00 | 0.50 |
| Global 4 Ports Average | 483.00 | 2.00 | 644.50 | 0.50 |
| Global Average Bunker Price | 570.50 | 1.50 | 751.00 | 1.00 |
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