World News
BUNKER PRICES: G20-VLSFO Index Holds Steady as Crude Sinks
Bunker fuel prices were mixed in direction on Friday, with global average VLSFO prices little changed overall despite a fall in crude futures.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports was little changed at $637/mt on Friday, having gained $1.50/mtthe previous day.
The G20-HSFO Index was steady at $543.50/mt, while the G20-MGO Index was little changed at $827.50/mt.
ICE Brent crude futures dropped by $2.48/bl to $82.63/bl on Friday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices lost $1/mt to $624/mt, at Rotterdam they were little changed at $574/mt, at Fujairah they declined by $1.50/mt to $624.50/mt, and at Houston they dropped by $2/mt to $602.50/mt.
On Monday morning Brent futures were trading up by $0.33/bl from the previous session's close at $82.96/bl as of 8:04 AM in London. In metric tonne terms that would be equivalent to a $2.48/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 627.50 | 3.00 | 643.50 | 2.00 |
| Rotterdam | 530.50 | 3.00 | 636.50 | 3.50 |
| Houston | 526.00 | 0.00 | 665.00 | 0.50 |
| Fujairah | 608.50 | 8.00 | 778.50 | 2.00 |
| Global 20 Ports Average | 612.50 | 3.50 | 746.50 | 1.00 |
| Global 4 Ports Average | 573.00 | 5.00 | 681.00 | 3.00 |
| Global Average Bunker Price | 657.00 | 4.00 | 827.50 | 2.50 |
Popular Now More
-
Sep 04The firm is primarily focused on bunker trading, with a side-line in products cargoes, managing partner Rakesh Sharma tells Ship & Bunker. -
Sep 05Sentek was listed as Singapore's 15th-largest bunker supplier by volume in 2023, down from 10th place the previous year. -
Sep 05Both new and existing employees now need to give from six months to one year of notice before leaving to take up new jobs elsewhere.