World News
BUNKER PRICES: G20-VLSFO Index Drops to One-Week Low
Bunker fuel prices declined at most ports on Friday, with global average VLSFO prices dropping to the lowest level in more than a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $0.50/mt to $591.50/mt on Friday, reaching the lowest level since June 28. The G20-HSFO Index climbed by $1.50/mt to $502.50/mt, while the G20-MGO Index slipped by $3.50/mt to $785/mt.
ICE Brent crude futures gained $1.95/bl to $78.47/bl on Friday.
VLSFO prices at the top ports had a mixed trend. At Singapore prices rose by $4.50/mt to $586.50/mt, at Rotterdam they slipped by $3/mt to $543/mt, at Fujairah they advanced by $0.50/mt to $573/mt, and at Houston they dropped by $1/mt to $533.50/mt.
On Monday morning Brent crude futures were trading down by $0.58/bl at $77.89/bl as of 9:39 AM in London. In metric tonne terms that would be equivalent to a $4.37/mt fall 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 |
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