World News
BUNKER PRICES: G20-VLSFO Index Drops to Four-Day Low
Bunker fuel prices fell at most ports on Friday, with global average VLSFO prices slipping to the lowest level in almost a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $0.50/mt to $619.50/mt on Friday, reaching the lowest level since August 12.
The G20-HSFO Index rose by $2/mt to $516.50/mt, while the G20-MGO Index sank by $3/mt to $790/mt.
ICE Brent crude futures slipped by $1.36/bl to $79.68/bl on Friday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices lost $2/mt to $605/mt, at Rotterdam they fell by $4/mt to $552/mt, at Fujairah they rallied by $0.50/mt to $601/mt, and at Houston they dropped by $0.50/mt to $566/mt.
On Monday morning Brent futures were trading down by $0.13/bl from the previous session's close at $79.55/bl as of 5:48 AM in London. In metric tonne terms that would be equivalent to a $0.98/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 569.50 | 0.00 | 680.00 | 0.00 |
| Rotterdam | 515.00 | 1.00 | 674.00 | 2.00 |
| Houston | 550.00 | 2.50 | 678.00 | 6.50 |
| Fujairah | 560.50 | 0.50 | 753.50 | 2.50 |
| Global 20 Ports Average | 586.00 | 0.00 | 761.00 | 2.00 |
| Global 4 Ports Average | 549.00 | 1.00 | 696.50 | 2.00 |
| Global Average Bunker Price | 634.50 | 1.00 | 800.50 | 2.00 |
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