World News
BUNKER PRICES: G20-VLSFO Index Sinks for Seventh Day
Bunker prices mostly declined at ports around the world on Friday, with global average VLSFO prices dropping for a seventh consecutive trading session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $1/mt to $516.50/mt on Friday, remaining at its lowest level since May 6.
The G20-HSFO Index fell by $1.50/mt to $437/mt, while the G20-MGO Index slipped by $1.50/mt to $758.50/mt.
ICE Brent crude futures jumped by $0.62/bl to $66.99/bl on Friday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices fell by $5/mt to $477/mt, at Rotterdam they advanced by $4.50/mt to $468/mt, at Fujairah they slipped by $8/mt to $475.50/mt, and at Houston they rose by $5/mt to $483/mt.
On Monday morning Brent crude futures were trading up by $0.38/bl from the previous session's close at $67.37/bl as of 6:33 AM in London. In metric tonne terms that would be equivalent to a $2.86/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 477.50 | 7.00 | 671.00 | 15.00 |
| Rotterdam | 438.00 | 5.00 | 657.00 | 12.00 |
| Houston | 464.50 | 3.00 | 664.00 | 0.00 |
| Fujairah | 477.50 | 7.00 | 729.00 | 1.00 |
| Global 20 Ports Average | 511.50 | 2.50 | 757.50 | 6.00 |
| Global 4 Ports Average | 464.50 | 4.00 | 680.00 | 7.00 |
| Global Average Bunker Price | 553.00 | 10.50 | 799.00 | 4.00 |
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