World News
BUNKER PRICES: G20-VLSFO Index Declines
Bunker fuel prices fell at most ports on Thursday, with global average VLSFO prices retreating after an advance on Wednesday.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $0.50/mt to $595/mt on Thursday, having climbed by $3/mt the previous day. The G20-HSFO Index jumped by $2.50/mt to $525/mt, while the G20-MGO Index gained $5/mt to $819.50/mt.
ICE Brent crude futures lost $0.18/bl to $79.64/bl on Thursday.
VLSFO prices at the top ports had a mixed trend. At Singapore prices were little changed at $569/mt, at Rotterdam they fell by $2/mt to $549.50/mt, at Fujairah they slipped by $5/mt to $562/mt, and at Houston they climbed by $4/mt to $568.50/mt.
On Friday morning Brent crude futures were trading up by $0.48/bl at $80.12/bl as of 9:38 AM in London. In metric tonne terms that would be equivalent to a $3.61/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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