World News
BUNKER PRICES: G20-VLSFO Index Drops to Three-Year Low
Bunker fuel prices declined at most ports on Friday, with global average VLSFO prices dropping to the lowest level in more than three years.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $5.50/mt to $573/mt on Friday, reaching the lowest level since September 2021.
The G20-HSFO Index sank by $2.50/mt to $488.50/mt, while the G20-MGO Index slipped by $4/mt to $751/mt.
ICE Brent crude futures sank by $0.97/bl to $71.12/bl on Friday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices lost $8/mt to $547.50/mt, at Rotterdam they advanced by $1/mt to $504.50/mt, at Fujairah they fell by $8/mt to $537/mt, and at Houston they dropped by $5.50/mt to $544/mt.
On Monday morning Brent futures were trading up by $0.27/bl from the previous session's close at $71.39/bl as of 7:11 AM in London. In metric tonne terms that would be equivalent to a $2.03/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 539.00 | 4.00 | 664.50 | 6.00 |
| Rotterdam | 501.00 | 0.50 | 641.50 | 2.50 |
| Houston | 543.50 | 3.50 | 662.50 | 1.50 |
| Fujairah | 535.50 | 3.50 | 744.50 | 1.50 |
| Global 20 Ports Average | 571.00 | 1.00 | 746.50 | 0.00 |
| Global 4 Ports Average | 529.50 | 2.50 | 678.00 | 2.50 |
| Global Average Bunker Price | 621.50 | 1.00 | 801.50 | 1.00 |
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