World News
BUNKER PRICES: G20-VLSFO Index Drops for Third Day
Bunker fuel prices declined at most ports on Thursday, with global average VLSFO prices dropping for a third consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $0.50/mt to $671.50/mt on Thursday, remaining at the lowest level since April 2. The G20-HSFO Index fell by $1.50/mt to $543/mt, while the G20-MGO Index jumped by $3/mt to $901.50/mt.
ICE Brent crude futures lost $0.74/bl to $89.74/bl on Thursday.
VLSFO prices at the top ports mostly followed a negative trend. At Singapore prices declined by $5.50/mt to $650.50/mt, at Rotterdam they lost $1.50/mt to $612/mt, at Fujairah they fell by $2.50/mt to $649/mt, and at Houston they rose by $2/mt to $647/mt.
On Friday morning Brent futures were trading up by $0.56/bl from the previous session's close at $90.30/bl as of 6:33 AM in London. In metric tonne terms that would be equivalent to a $4.22/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 553.50 | 0.00 | 673.00 | 0.00 |
| Rotterdam | 514.50 | 0.00 | 651.00 | 0.00 |
| Houston | 545.00 | 0.00 | 671.00 | 0.00 |
| Fujairah | 543.00 | 0.00 | 747.00 | 0.00 |
| Global 20 Ports Average | 574.00 | 0.00 | 748.00 | 0.00 |
| Global 4 Ports Average | 539.00 | 0.00 | 685.50 | 0.00 |
| Global Average Bunker Price | 627.00 | 0.50 | 799.50 | 1.00 |
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