World News
BUNKER PRICES: G20-VLSFO Index Retreats From Six-Month High
Bunker fuel prices declined for the first session in three at most ports on Friday, with global average VLSFO prices retreating from the previous session's six-month high.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $5/mt to $662.50/mt on Friday, having reached the highest level since February 16 on Thursday. The G20-HSFO Index slipped by $0.50/mt to $591.50/mt, while the G20-MGO Index dropped by $6/mt to $949.50/mt.
ICE Brent crude futures gained $0.41/bl to $86.81/bl on Friday.
VLSFO prices at the top ports had a negative trend. At Singapore prices fell by $10/mt to $653/mt, at Rotterdam they lost $6/mt to $621/mt, at Fujairah they declined by $11/mt to $640/mt, and at Houston they sank by $3.50/mt to $634/mt.
On Monday morning Brent crude futures were trading down by $0.24/bl at $86.57/bl as of 9:38 AM in London. In metric tonne terms that would be equivalent to a $1.81/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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