World News
BUNKER PRICES: G20-VLSFO Index Drops to One-Week Low
Bunker prices mostly declined at ports around the world on Thursday, with global average VLSFO prices dropping to the lowest level in more than a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $3.50/mt to $536.50/mt on Thursday, reaching its lowest level since May 13.
The G20-HSFO Index lost $3.50/mt to $462.50/mt, while the G20-MGO Index fell by $1.50/mt to $712.50/mt.
ICE Brent crude futures slipped by $0.47/bl to $64.44/bl on Thursday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices fell by $7/mt to $522.50/mt, at Rotterdam they declined by $2.50/mt to $478/mt, at Fujairah they sank by $6.50/mt to $508.50/mt, and at Houston they dropped by $2/mt to $468.50/mt.
On Friday morning Brent crude futures were trading down by $0.36/bl from the previous session's close at $64.08/bl as of 5:36 AM in London. In metric tonne terms that would be equivalent to a $2.71/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 522.50 | 7.00 | 612.50 | 7.50 |
| Rotterdam | 478.00 | 2.50 | 620.00 | 4.00 |
| Houston | 468.50 | 2.00 | 620.50 | 6.50 |
| Fujairah | 508.50 | 6.50 | 711.00 | 5.00 |
| Global 20 Ports Average | 536.50 | 3.50 | 712.50 | 1.50 |
| Global 4 Ports Average | 494.50 | 4.50 | 641.00 | 6.00 |
| Global Average Bunker Price | 571.00 | 2.00 | 758.50 | 2.50 |
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