World News
BUNKER PRICES: G20-VLSFO Index Resumes Downward Slide
Bunker fuel prices declined at ports around the world on Friday, with global average VLSFO prices falling again after two days of gains.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $1.50/mt to $551.50/mt on Friday, having reached its highest level since March 6 the previous day.
The G20-HSFO Index slipped by $1/mt to $492/mt, while the G20-MGO Index sank by $3.50/mt to $740.50/mt.
ICE Brent crude futures advanced by $0.70/bl to $70.58/bl on Friday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices fell by $2.50/mt to $511.50/mt, at Rotterdam they gained $2/mt to $497/mt, at Fujairah they declined by $3/mt to $509.50/mt, and at Houston they were little changed at $522/mt.
On Monday morning Brent futures were trading up by $0.51/bl from the previous session's close at $71.09/bl as of 7:28 AM in London. In metric tonne terms that would be equivalent to a $3.84/mt rise on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 513.50 | 2.00 | 645.00 | 3.00 |
| Rotterdam | 497.00 | 0.00 | 629.50 | 2.50 |
| Houston | 524.50 | 2.50 | 666.00 | 2.00 |
| Fujairah | 511.00 | 1.50 | 743.00 | 1.50 |
| Global 20 Ports Average | 551.50 | 0.00 | 743.50 | 3.00 |
| Global 4 Ports Average | 511.50 | 1.50 | 671.00 | 2.50 |
| Global Average Bunker Price | 596.50 | 2.00 | 776.50 | 9.00 |
Popular Now More
-
Mar 17The new hire was previously bunker manager for DeaL Energy in Copenhagen. -
Mar 17The firm completed the first delivery under the contract on March 16. -
Mar 18Accelleron CEO Daniel Bischofberger discusses the partnerships needed to develop a market for zero-carbon fuels.