World News
BUNKER PRICES: G20-VSLFO Index Sinks for Sixth Day
Bunker fuel prices continued to sink at most ports on Friday, with global average VLSFO prices dropping for a sixth consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $2.50/mt to $621.50/mt on Friday, reaching the lowest level since July 26. The G20-HSFO Index fell by $1.50/mt to $499.50/mt, while the G20-MGO Index dropped by $2.50/mt to $848.50/mt.
ICE Brent crude futures jumped by $1.79/bl to $75.84/bl on Friday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices fell by $15/mt to $589/mt, at Rotterdam they lost $8/mt to $532.50/mt, at Fujairah they rose by $0.50/mt to $596/mt, and at Houston they jumped by $6/mt to $553/mt.
On Monday morning Brent crude futures were trading up by $0.63/bl at $76.47/bl as of 6:15 AM in London. In metric tonne terms that would be equivalent to a $4.74/mt rise 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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