World News
BUNKER PRICES: G20-VLSFO Index Slips for Fourth Day
Bunker fuel prices fell at most ports on Thursday, with global average VLSFO prices declining for a fourth consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $0.50/mt to $605/mt on Thursday, remaining at the lowest level since October 3.
The G20-HSFO Index fell by $2/mt to $500.50/mt, while the G20-MGO Index rose by $0.50/mt to $744/mt.
ICE Brent crude futures advanced by $0.23/bl to $74.45/bl on Thursday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices lost $2/mt to $589.50/mt, at Rotterdam they advanced by $5/mt to $552.50/mt, at Fujairah they dropped by $4/mt to $578.50/mt, and at Houston they gained $2/mt to $537.50/mt.
On Friday morning Brent futures were trading up by $0.15/bl from the previous session's close at $74.60/bl as of 5:17 AM in London. In metric tonne terms that would be equivalent to a $1.13/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 589.00 | 3.50 | 656.50 | 1.50 |
| Rotterdam | 547.50 | 0.00 | 647.00 | 1.00 |
| Houston | 534.00 | 0.50 | 655.00 | 2.00 |
| Fujairah | 576.00 | 4.00 | 755.50 | 4.50 |
| Global 20 Ports Average | 602.00 | 0.50 | 744.50 | 2.50 |
| Global 4 Ports Average | 561.50 | 2.00 | 678.50 | 1.50 |
| Global Average Bunker Price | 645.00 | 2.50 | 807.50 | 1.50 |
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