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 | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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