World News
BUNKER PRICES: G20-VLSFO Index Drops to Two-Week Low
Bunker fuel prices slipped at most ports on Friday, with global average VLSFO prices falling to the lowest level in two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $3.50/mt to $612.50/mt on Friday, reaching the lowest level since August 22.
The G20-HSFO Index fell by $2.50/mt to $482.50/mt, while the G20-MGO Index sank by $1/mt to $746.50/mt.
ICE Brent crude futures fell by $1.63/bl to $71.06/bl on Friday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices lost $3/mt to $627.50/mt, at Rotterdam they fell by $3/mt to $530.50/mt, at Fujairah they slipped by $8/mt to $608.50/mt, and at Houston they were little changed at $526/mt.
On Monday morning Brent futures were trading up by $0.70/bl from the previous session's close at $71.76/bl as of 6:43 AM in London. In metric tonne terms that would be equivalent to a $5.27/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 |
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