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BUNKER PRICES: G20-VLSFO Index Drops to One-Week Low
Bunker fuel prices declined at most ports on Friday, with global average VLSFO prices dropping to the lowest level in more than a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $6.50/mt to $591/mt on Friday, reaching the lowest level since September 19.
The G20-HSFO Index jumped by $11.50/mt to $480.50/mt, while the G20-MGO Index slipped by $2.50/mt to $726/mt.
ICE Brent crude futures rose by $0.38/bl to $71.98/bl on Friday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices lost $12.50/mt to $579/mt, at Rotterdam they fell by $4.50/mt to $520.50/mt, at Fujairah they slipped by $10/mt to $567.50/mt, and at Houston they advanced by $1.50/mt to $507/mt.
On Monday morning Brent futures were trading up by $0.57/bl from the previous session's close at $72.55/bl as of 8:31 AM in London. In metric tonne terms that would be equivalent to a $4.29/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 588.00 | 24.50 | 656.00 | 23.50 |
| Rotterdam | 530.00 | 7.50 | 635.50 | 10.50 |
| Houston | 530.50 | 16.50 | 661.50 | 12.50 |
| Fujairah | 578.00 | 22.50 | 771.00 | 23.50 |
| Global 20 Ports Average | 603.50 | 15.00 | 741.50 | 13.50 |
| Global 4 Ports Average | 556.50 | 17.50 | 681.00 | 17.50 |
| Global Average Bunker Price | 641.50 | 6.00 | 814.00 | 8.50 |
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