World News
BUNKER PRICES: G20-VLSFO Index Declines for First Session in Three
Bunker fuel prices fell at most ports on Friday, with global VLSFO prices declining for the first in three sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports slipped by $1.50/mt to $648/mt on Friday, paring its weekly gain to $10/mt. The G20-HSFO Index fell by $1/mt to $468/mt, while the G20-MGO Index declined by $2/mt to $935/mt.
ICE Brent crude futures gained $1.08/bl to $85.83/bl on Friday.
VLSFO prices at the top ports mostly followed a negative trend. At Singapore prices fell by $8/mt to $606/mt, at Rotterdam they advanced by $2.50/mt to $581.50/mt, at Fujairah they slipped by $4/mt to $606.50/mt and at Houston they dropped by $6.50/mt to $624.50/mt.
On Monday morning Brent futures were trading down by $1.25/bl at $84.58/bl as of 11:43 AM in London. In metric tonner terms that would amount to a $9.41/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 629.00 | 2.00 | 738.00 | 1.00 |
| Rotterdam | 572.50 | 6.50 | 740.00 | 13.50 |
| Houston | 593.50 | 6.00 | 753.50 | 11.00 |
| Fujairah | 626.50 | 4.50 | 885.00 | 3.50 |
| Global 20 Ports Average | 646.00 | 0.50 | 825.50 | 1.50 |
| Global 4 Ports Average | 604.00 | 2.50 | 784.00 | 4.50 |
| Global Average Bunker Price | 700.00 | 3.50 | 883.00 | 3.00 |
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