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 | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
Popular Now More
-
Nov 21CCO Christoffer Berg Lassen is stepping down from the company to be replaced by Anders Grønborg, while Peder Møller becomes its first chief operating officer. -
Nov 20The ISO 6853:2024 specifications, the first of their kind, cover the general requirements and properties for methanol specifically being used as marine fuel. -
Nov 21CTI-Maritec reports on undeclared quantities of cashew nut shell liquid found in VLSFO samples from Rotterdam and Singapore.