World News
BUNKER PRICES: G20-VLSFO Index Drops to 18-Month Low
Bunker fuel prices declined at most ports on Friday, with global average VLSFO prices dropping to the lowest level in almost a year and a half.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $1.50/mt to $582.50/mt on Friday, reaching the lowest level since May 2023.
The G20-HSFO Index declined by $1.50/mt to at $486.50/mt, while the G20-MGO Index rose by $1.50/mt to $753/mt.
ICE Brent crude futures sank by $1.52/bl to $71.04/bl on Friday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $6/mt to $565.50/mt, at Rotterdam they declined by $2/mt to $510/mt, at Fujairah they dropped by $5/mt to $555.50/mt, and at Houston they jumped by $2.50/mt to $548/mt.
On Monday morning Brent futures were trading up by $0.13/bl from the previous session's close at $71.17/bl as of 5:53 AM in London. In metric tonne terms that would be equivalent to a $0.98/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 552.00 | 2.50 | 682.00 | 3.50 |
| Rotterdam | 509.50 | 2.00 | 648.50 | 1.00 |
| Houston | 553.50 | 5.50 | 675.50 | 4.00 |
| Fujairah | 546.50 | 2.50 | 746.50 | 1.00 |
| Global 20 Ports Average | 577.00 | 0.50 | 759.50 | 2.50 |
| Global 4 Ports Average | 540.50 | 0.50 | 688.00 | 2.50 |
| Global Average Bunker Price | 626.00 | 0.50 | 805.00 | 3.00 |
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