World News
BUNKER PRICES: G20-VLSFO Index Drops for Sixth Session
Bunker prices mostly sank at ports around the world on Friday, with global average VLSFO prices dropping for a sixthconsecutive trading session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports sank by $6/mt to $483/mt on Friday, remaining at its lowest level since February 2021.
The G20-HSFO Index slipped by $6.50/mt to at $427/mt, while the G20-MGO Index lost $7.50/mt to $733/mt.
ICE Brent crude futures rallied by $0.23/bl to $61.29/bl on Friday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices fell by $8/mt to $443/mt, at Rotterdam they declined by $4/mt to $424/mt, at Fujairah they sank by $9/mt to $437/mt, and at Houston they dropped by $6/mt to $431/mt.
On Monday morning Brent crude futures were trading down by $0.18/bl from the previous session's close at $61.11/bl as of 5:48 AM in London. In metric tonne terms that would be equivalent to a $1.36/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 443.00 | 8.00 | 656.50 | 5.00 |
| Rotterdam | 424.00 | 4.00 | 639.50 | 10.00 |
| Houston | 431.00 | 6.00 | 629.50 | 9.00 |
| Fujairah | 437.00 | 9.00 | 720.50 | 1.50 |
| Global 20 Ports Average | 483.00 | 6.00 | 733.00 | 7.50 |
| Global 4 Ports Average | 434.00 | 6.50 | 661.50 | 6.50 |
| Global Average Bunker Price | 529.00 | 2.50 | 774.00 | 5.00 |
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