World News
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 | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
Popular Now More
-
Nov 21CCO Christoffer Berg Lassen is stepping down from the company to be replaced by Anders Grønborg, while Peder Møller becomes its first chief operating officer. -
Nov 20The ISO 6853:2024 specifications, the first of their kind, cover the general requirements and properties for methanol specifically being used as marine fuel. -
Nov 21CTI-Maritec reports on undeclared quantities of cashew nut shell liquid found in VLSFO samples from Rotterdam and Singapore.