World News
BUNKER PRICES: G20-VLSFO Index Drops to 11-Week Low
Bunker prices mostly declined at ports around the world on Thursday, with global average VLSFO prices dropping to their lowest level in almost 11 weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $1.50/mt to $529.50/mt on Thursday, reaching its lowest level since May 30.
The G20-HSFO Index declined by $2.50/mt to $452/mt, while the G20-MGO Index sank by $1.50/mt to $744/mt.
ICE Brent crude futures jumped by $1.21/bl to $66.84/bl on Thursday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices fell by $2.50/mt to $497.50/mt, at Rotterdam they sank by $9.50/mt to $468.50/mt, at Fujairah they advanced by $0.50/mt to $488/mt, and at Houston they were little changed at $482/mt.
On Friday morning Brent crude futures were trading down by $0.29/bl from the previous session's close at $66.55/bl as of 7:16 AM in London. In metric tonne terms that would be equivalent to a $2.18/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 497.50 | 2.50 | 648.00 | 1.00 |
| Rotterdam | 468.50 | 9.50 | 649.50 | 7.00 |
| Houston | 482.00 | 0.00 | 654.50 | 1.00 |
| Fujairah | 488.00 | 0.50 | 722.00 | 1.00 |
| Global 20 Ports Average | 529.50 | 1.50 | 744.00 | 1.50 |
| Global 4 Ports Average | 484.00 | 3.00 | 668.50 | 2.00 |
| Global Average Bunker Price | 567.00 | 2.50 | 787.50 | 3.50 |
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