World News
BUNKER PRICES: G20-VLSFO Index Slips to One-Week Low
Bunker fuel prices declined at most ports on Thursday, with average global VLSFO prices dropping to the lowest level in more than a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $2/mt to $592.50/mt on Thursday, reaching the lowest level since June 6. The G20-HSFO Index lost $2/mt to $490/mt, while the G20-MGO Index slipped by $0.50/mt to $769.50/mt.
ICE Brent crude futures gained $2.47/bl to $75.67/bl on Thursday.
VLSFO prices at the top ports had a mixed trend. At Singapore prices jumped by $7.50/mt to $591.50/mt, at Rotterdam they fell by $1/mt to $540.50/mt, at Fujairah they advanced by $1/mt to $572.50/mt, and at Houston they climbed by $11.50/mt to $548.50/mt.
On Friday morning Brent crude futures were trading down by $0.23/bl at $75.44/bl as of 9:01 AM in London. In metric tonne terms that would be equivalent to a $1.73/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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