World News
BUNKER PRICES: G20-VLSFO Index Drops for Fifth Session
Bunker fuel prices dropped at ports around the world on Friday, with global average VLSFO prices sinking for a fifth consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $3.50/mt to $552/mt on Friday, reaching its lowest level since September 2021.
The G20-HSFO Index rose by $1.50/mt to $493.50/mt, while the G20-MGO Index sank by $7/mt to $745.50/mt.
ICE Brent crude futures advanced by $0.90/bl to $70.36/bl on Friday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $1.50/mt to $505.50/mt, at Rotterdam they lost $4.50/mt to $496/mt, at Fujairah they declined by $11.50/mt to $506/mt, and at Houston they rallied by $1/mt to $516/mt.
On Monday morning Brent futures were trading down by $0.11/bl from the previous session's close at $70.25/bl as of 9:00 AM in London. In metric tonne terms that would be equivalent to a $0.83/mt fall on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 508.00 | 2.50 | 647.00 | 2.00 |
| Rotterdam | 494.00 | 2.00 | 633.50 | 1.00 |
| Houston | 521.00 | 5.00 | 669.00 | 5.00 |
| Fujairah | 510.00 | 4.00 | 742.50 | 2.50 |
| Global 20 Ports Average | 552.00 | 0.00 | 749.00 | 3.50 |
| Global 4 Ports Average | 508.50 | 2.50 | 673.00 | 2.50 |
| Global Average Bunker Price | 599.00 | 2.50 | 790.50 | 1.00 |
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