World News
BUNKER PRICES: G20-VLSFO Index Declines for First Session in Five
Bunker fuel prices slipped at most ports on Thursday, with average global VLSFO prices declining for the first in five sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $3/mt to $584/mt on Thursday, in its first daily drop since May 4. The G20-HSFO Index gained $1.50/mt to $487.50/mt, while the G20-MGO Index was little changed at $786.50/mt.
ICE Brent crude futures lost $1.43/bl to $74.98/bl on Thursday.
VLSFO prices at the top ports had a mixed trend. At Singapore prices rallied by $0.50/mt to $571.50/mt, at Rotterdam they declined by $1/mt to $536.50/mt, at Fujairah they gained $4/mt to $561.50/mt, and at Houston they sank by $8/mt to $535.50/mt.
On Friday morning Brent crude futures were trading down by $0.65/bl at $74.33/bl as of 9:05 AM in London. In metric tonne terms that would be equivalent to a $4.89/mt fall 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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