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BUNKER PRICES: G20-VLSFO Sees Biggest Weekly Decline in Two Months
Bunker fuel prices dropped at most ports on Friday, taking global VLSFO prices to the biggest weekly drop in two months.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $9.50/mt to $679/mt on Friday, reaching the lowest level since January 19. The index's weekly drop was $27/mt, the most since the week ending December 9.
The G20-HSFO Index fell by $14/mt to $448/mt, while the G20-MGO Index declined by $20/mt to $997/mt.
ICE Brent crude futures lost $2.23bl to $79.94/bl on Friday.
VLSFO prices at the top ports followed a negative trend. At Singapore prices sank by $26.50/mt to $664/mt, at Rotterdam they slipped by $6.50/mt to $582.50/mt, at Fujairah they fell by $7.50/mt to $651/mt and at Houston they declined by $8/mt to $626/mt.
On Monday morning Brent futures were trading up by $0.06/bl at $80.00/bl as of 9:55 AM in London. In metric tonne terms that would amount to a $0.45/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.50 | 1.00 | 770.00 | 3.50 |
| Rotterdam | 601.50 | 2.50 | 754.00 | 2.00 |
| Houston | 619.00 | 11.50 | 795.50 | 3.00 |
| Fujairah | 651.50 | 1.00 | 895.00 | 2.00 |
| Global 20 Ports Average | 664.00 | 1.50 | 856.50 | 2.00 |
| Global 4 Ports Average | 630.00 | 3.00 | 803.50 | 2.50 |
| Global Average Bunker Price | 718.00 | 0.50 | 914.50 | 0.50 |
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