World News
BUNKER PRICES: G20-VLSFO Index Slips for Second Day
Bunker fuel prices slipped at most ports on Friday, with average global VLSFO prices declining for a second consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $2/mt to $582/mt on Friday, paring its weekly gain to $8/mt. The G20-HSFO Index lost $6/mt to $481.50/mt, while the G20-MGO Index sank by $7.50/mt to $779/mt.
ICE Brent crude futures lost $0.81/bl to $74.17/bl on Friday.
VLSFO prices at the top ports had a negative trend. At Singapore prices fell by $2.50/mt to $569/mt, at Rotterdam they declined by $8/mt to $528.50/mt, at Fujairah they lost $9.50/mt to $552/mt, and at Houston they slipped by $1.50/mt to $534/mt.
On Monday morning Brent crude futures were trading up by $0.11/bl at $74.28/bl as of 9:45 AM in London. In metric tonne terms that would be equivalent to a $0.83/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.00 | 8.50 | 779.00 | 29.50 |
| Rotterdam | 608.00 | 11.00 | 764.50 | 24.50 |
| Houston | 636.50 | 8.00 | 807.50 | 5.00 |
| Fujairah | 649.50 | 4.00 | 888.50 | 11.50 |
| Global 20 Ports Average | 665.50 | 6.50 | 870.50 | 14.50 |
| Global 4 Ports Average | 635.50 | 3.50 | 810.00 | 17.50 |
| Global Average Bunker Price | 725.00 | 2.50 | 925.50 | 8.00 |
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