World News
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 | 569.50 | 6.50 | 680.00 | 10.50 |
| Rotterdam | 514.00 | 2.50 | 676.00 | 7.50 |
| Houston | 547.50 | 0.00 | 671.50 | 1.50 |
| Fujairah | 561.00 | 0.50 | 751.00 | 1.50 |
| Global 20 Ports Average | 586.00 | 0.00 | 759.00 | 0.00 |
| Global 4 Ports Average | 548.00 | 2.00 | 694.50 | 5.00 |
| Global Average Bunker Price | 633.50 | 1.00 | 798.50 | 0.50 |
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