World News
BUNKER PRICES: G20-VLSFO Index Drops to One-Week Low
Bunker fuel prices declined at most ports on Thursday, with global average VLSFO prices falling to the lowest level in almost a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $3/mt to $668/mt on Thursday, reaching the lowest level since March 15. The G20-HSFO Index declined by $3/mt to $527.50/mt, while the G20-MGO Index lost $7/mt to $895/mt.
ICE Brent crude futures sank by $0.17/bl to $85.78/bl on Thursday.
VLSFO prices at the top ports mostly followed a negative trend. At Singapore prices lost $4.50/mt to $644/mt, at Rotterdam they declined by $4.50/mt to $597/mt, at Fujairah they climbed by $0.50/mt to $650.50/mt, and at Houston they sank by $11.50/mt to $654/mt.
On Friday morning Brent futures were down by $0.57/bl from the previous session's close at $85.21/bl as of 7:21 AM in London. In metric tonne terms that would equate to a $4.29/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 514.00 | 3.00 | 643.50 | 0.50 |
| Rotterdam | 495.00 | 5.00 | 629.00 | 2.50 |
| Houston | 522.00 | 0.00 | 667.00 | 4.50 |
| Fujairah | 512.50 | 5.50 | 740.50 | 2.50 |
| Global 20 Ports Average | 553.00 | 1.00 | 744.00 | 6.50 |
| Global 4 Ports Average | 511.00 | 1.00 | 670.00 | 1.50 |
| Global Average Bunker Price | 599.00 | 1.00 | 787.50 | 0.50 |
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