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 | 505.00 | 3.00 | 603.50 | 1.00 |
| Rotterdam | 472.00 | 3.50 | 610.00 | 1.00 |
| Houston | 468.00 | 2.50 | 614.50 | 6.50 |
| Fujairah | 498.50 | 4.00 | 709.00 | 3.00 |
| Global 20 Ports Average | 531.50 | 3.50 | 708.00 | 5.00 |
| Global 4 Ports Average | 486.00 | 2.00 | 634.00 | 2.50 |
| Global Average Bunker Price | 569.50 | 2.00 | 751.50 | 1.50 |
Popular Now More
-
Jun 02The new joint venture will initially focus on biofuel supply in northern Europe, BlackCoral Energy Managing Partner Jesper Christensen tells Ship & Bunker. -
Jun 02The new hire had previously worked for World Fuel Services since 2014. -
Jun 02Neal Bolton has taken on the role of business development manager at Island Oil as of this month.