World News
BUNKER PRICES: G20-VLSFO Index Drops to Three-Week Low
Bunker prices declined at ports around the world on Thursday, with global average VLSFO prices dropping to the lowest level in almost three weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $5/mt to $516/mt on Thursday, reaching its lowest level since April 10.
The G20-HSFO Index sank by $4.50/mt to $449.50/mt, while the G20-MGO Index dropped by $5.50/mt to $700/mt.
ICE Brent crude futures jumped by $1.07/bl to $62.13/bl on Thursday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices were little changed at $493.50/mt, at Rotterdam they declined by $18/mt to $432/mt, at Fujairah they sank by $6.50/mt to $476.50/mt, and at Houston they fell by $8/mt to $450/mt.
On Friday morning Brent crude futures were trading up by $0.39/bl from the previous session's close at $62.52/bl as of 6:09 AM in London. In metric tonne terms that would be equivalent to a $2.94/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 493.50 | 0.00 | 609.00 | 3.00 |
| Rotterdam | 432.00 | 18.00 | 582.50 | 17.00 |
| Houston | 450.00 | 8.00 | 607.00 | 11.00 |
| Fujairah | 476.50 | 6.50 | 699.00 | 4.00 |
| Global 20 Ports Average | 516.00 | 5.00 | 700.00 | 5.50 |
| Global 4 Ports Average | 463.00 | 8.00 | 624.50 | 7.00 |
| Global Average Bunker Price | 562.00 | 2.00 | 738.00 | 3.50 |
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