World News
Prices Firm in Many Ports on Friday
Key price indicator ports generally firmed on Friday with some ports showing small negative movements.
Singapore IFO380 broke past $600.00 for the first time since Monday with the price moving up $8.50 to $605.00, and MGO made a double-digit move upwards of $12.50 to $848.00 ending a three day downward trend.
Rotterdam IFO380 was up for a third consecutive day moving $9.50 to $586.50, the highest price since June 1st when 380 cSt product was $587.50.
Fujairah IFO380 gained $8.50 to $616.00, the highest price since it saw $628.00 at the beginning of the month.
In the United States Houston's IFO380 moved up $6.00 to $581.00 ending three days of falling prices.
New York 380 cSt product continues to hover around $590 per metric tonne, today moving up $3.00 to $590.50, while on the West coast LA / Long Beach IFO380 fell for the sixth consecutive day moving down $3.00 to $590.50.
Friday Crude futures finished the week with WTI moving up $0.12 to close at $84.03.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 491.00 | 2.50 | 592.50 | 16.50 |
| Rotterdam | 445.00 | 13.00 | 593.50 | 11.00 |
| Houston | 443.50 | 6.50 | 601.50 | 5.50 |
| Fujairah | 487.00 | 10.50 | 711.00 | 12.00 |
| Global 20 Ports Average | 517.50 | 1.50 | 697.00 | 3.00 |
| Global 4 Ports Average | 466.50 | 3.50 | 624.50 | 0.00 |
| Global Average Bunker Price | 559.50 | 2.50 | 736.00 | 2.00 |
Popular Now More
-
Apr 30The new hire was previously director of marine fuel marketing at UET Marine in Houston. -
May 01The new hire previously worked as a bunker trader for KPI OceanConnect from May 2024 to last month. -
May 01The US government's push to update outdated LNG regulations could unlock new opportunities for bunkering infrastructure.