World News
BUNKER PRICES: G20-VLSFO Index Holds Steady at Three-Week Low
Bunker fuel prices were mixed in direction on Thursday, with global average VLSFO prices holding steady at the lowest level in more than three weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports was little changed at $645.50/mt on Thursday, remaining at the lowest level since August 1. The G20-HSFO Index slipped by $8/mt to $571.50/mt, while the G20-MGO Index advanced by $2.50/mt to $958.50/mt.
ICE Brent crude futures gained $0.15/bl to $83.36/bl on Thursday.
VLSFO prices at the top ports followed a negative trend. At Singapore prices fell by $0.50/mt to $629/mt, at Rotterdam they lost $0.50/mt to $592/mt, at Fujairah they declined by $0.50/mt to $622.50/mt, and at Houston they dropped by $7.50/mt to $620/mt.
On Friday morning Brent crude futures were trading up by $1.02/bl at $84.38/bl as of 9:42 AM in London. In metric tonne terms that would be equivalent to a $7.68/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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