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 | 578.00 | 3.00 | 624.00 | 1.00 |
| Rotterdam | 506.00 | 0.00 | 613.00 | 3.00 |
| Houston | 504.00 | 3.50 | 631.50 | 3.00 |
| Fujairah | 573.50 | 0.50 | 774.00 | 0.50 |
| Global 20 Ports Average | 591.00 | 0.50 | 730.50 | 3.00 |
| Global 4 Ports Average | 540.50 | 0.50 | 660.50 | 2.00 |
| Global Average Bunker Price | 636.50 | 0.50 | 803.50 | 4.50 |
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