World News
BUNKER PRICES: G20-VLSFO Index Sinks to 4 1/2-Year Low
Bunker prices mostly declined at ports around the world on Friday, with global average VLSFO prices dropping to their lowest level in four and a half years.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $2.50/mt to $511.50/mt on Friday, reaching its lowest level since May 2021.
The G20-HSFO Index declined by $3.50/mt to $441/mt, while the G20-MGO Index dropped by $6/mt to $757.50/mt.
ICE Brent crude futures advanced by $0.42/bl to $64.53/bl on Friday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $7/mt to $477.50/mt, at Rotterdam they lost $5/mt to $438/mt, at Fujairah they sank by $7/mt to $477.50/mt, and at Houston they rose by $3/mt to $464.50/mt.
On Monday morning Brent crude futures were trading up by $0.88/bl from the previous session's close at $65.41/bl as of 6:09 AM in London. In metric tonne terms that would be equivalent to a $6.63/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 477.50 | 7.00 | 671.00 | 15.00 |
| Rotterdam | 438.00 | 5.00 | 657.00 | 12.00 |
| Houston | 464.50 | 3.00 | 664.00 | 0.00 |
| Fujairah | 477.50 | 7.00 | 729.00 | 1.00 |
| Global 20 Ports Average | 511.50 | 2.50 | 757.50 | 6.00 |
| Global 4 Ports Average | 464.50 | 4.00 | 680.00 | 7.00 |
| Global Average Bunker Price | 553.00 | 10.50 | 799.00 | 4.00 |
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