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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 | 565.50 | 6.00 | 661.50 | 4.00 |
| Rotterdam | 510.00 | 2.00 | 661.00 | 2.00 |
| Houston | 548.00 | 2.50 | 666.50 | 0.50 |
| Fujairah | 555.50 | 5.00 | 746.00 | 2.50 |
| Global 20 Ports Average | 582.50 | 1.50 | 753.00 | 1.50 |
| Global 4 Ports Average | 544.50 | 3.00 | 683.50 | 1.00 |
| Global Average Bunker Price | 631.00 | 2.50 | 803.50 | 2.00 |
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