World News
BUNKER PRICES: G20-VLSFO Index Drops for Sixth Session
Bunker prices mostly declined at ports around the world on Friday, with global average VLSFO prices dropping for a sixth consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $4/mt to $537/mt on Friday, reaching its lowest level since June 10.
The G20-HSFO Index declined by $3.50/mt to $458.50/mt, while the G20-MGO Index jumped by $10/mt to $756.50/mt.
ICE Brent crude futures rose by $0.16/bl to $66.59/bl on Friday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $7/mt to $506/mt, at Rotterdam they sank by $0.50/mt to $480/mt, at Fujairah they slipped by $4.50/mt to $497/mt, and at Houston they rose by $1/mt to $490.50/mt.
On Monday morning Brent crude futures were trading down by $0.25/bl from the previous session's close at $66.34/bl as of 7:39 AM in London. In metric tonne terms that would be equivalent to a $1.88/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 506.00 | 7.00 | 661.00 | 2.00 |
| Rotterdam | 480.00 | 0.50 | 667.50 | 2.50 |
| Houston | 490.50 | 1.00 | 647.50 | 3.00 |
| Fujairah | 497.00 | 4.50 | 726.50 | 0.00 |
| Global 20 Ports Average | 537.00 | 4.00 | 756.50 | 10.00 |
| Global 4 Ports Average | 493.50 | 2.50 | 675.50 | 0.50 |
| Global Average Bunker Price | 577.00 | 3.00 | 797.50 | 0.50 |
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