World News
BUNKER PRICES: G20-VLSFO Index Drops to Three-Week Low
Bunker prices mostly declined at ports around the world on Friday, with global average VLSFO prices sinking to the lowest level in more than three weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports dropped by $4/mt to $528/mt on Friday, reaching its lowest level since May 9.
The G20-HSFO Index slipped by $3.50/mt to $457/mt, while the G20-MGO Index fell by $3/mt to $703/mt.
ICE Brent crude futures fell by $0.57/bl to $62.78/bl on Friday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices fell by $4.50/mt to $502/mt, at Rotterdam they declined by $3/mt to $468.50/mt, at Fujairah they sank by $8.50/mt to $494.50/mt, and at Houston they dropped by $4.50/mt to $470.50/mt.
On Monday morning Brent crude futures were trading up by $1.49/bl from the previous session's close at $64.27/bl as of 6:09 AM in London. In metric tonne terms that would be equivalent to an $11.22/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 570.50 | 0.00 | 715.50 | 13.50 |
| Rotterdam | 532.00 | 4.50 | 739.00 | 3.00 |
| Houston | 546.50 | 8.50 | 740.00 | 27.00 |
| Fujairah | 560.00 | 1.00 | 777.00 | 10.00 |
| Global 20 Ports Average | 588.00 | 1.00 | 805.00 | 13.00 |
| Global 4 Ports Average | 552.00 | 1.00 | 743.00 | 13.00 |
| Global Average Bunker Price | 619.00 | 2.50 | 835.50 | 3.00 |
Popular Now More
-
Jun 23The application was filed on June 5 and will be heard in a Singapore High Court sitting on June 27. -
Jun 20HRH Prince Abdulaziz Al Saud bin Turki has launched a new marine fuel trading firm, Eleven Energy, with offices in Saudi Arabia and Rotterdam, a company representative tells Ship & Bunker -
Jun 23The count has been steadily dropping over the past decade as the Maritime and Port Authority of Singapore tightened requirements for its bunker suppliers.