World News
BUNKER PRICES: G20-VLSFO Index Drops to Five-Week Low
Bunker fuel prices continued to drop at most ports on Thursday, with average global VLSFO prices dropping to the lowest level in almost five weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $11/mt to $598/mt on Thursday, reaching the lowest level since March 27. The G20-HSFO Index lost $10/mt to $496.50/mt, while the G20-MGO Index dropped by $16/mt to $810.50/mt.
ICE Brent crude futures gained $0.68/bl to $78.37/bl on Thursday.
VLSFO prices at the top ports had a negative trend. At Singapore prices dropped by $19.50/mt to $580.50/mt, at Rotterdam they declined by $14.50/mt to $539.50/mt, at Fujairah they fell by $12.50/mt to $574/mt and at Houston they slipped by $9/mt to $557/mt.
On Friday morning Brent crude futures were trading down by $0.44/bl at $77.93/bl as of 9:40 AM in London. In metric tonne terms that would be equivalent to a $3.31/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
Popular Now More
-
Nov 21CCO Christoffer Berg Lassen is stepping down from the company to be replaced by Anders Grønborg, while Peder Møller becomes its first chief operating officer. -
Nov 20The ISO 6853:2024 specifications, the first of their kind, cover the general requirements and properties for methanol specifically being used as marine fuel. -
Nov 21CTI-Maritec reports on undeclared quantities of cashew nut shell liquid found in VLSFO samples from Rotterdam and Singapore.