World News
BUNKER PRICES: G20-VLSFO Index Drops to Three-Day Low
Bunker prices declined at ports around the world on Thursday, with global average VLSFO prices slipping to the lowest level since the start of the week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $3/mt to $526/mt on Thursday, declining for the first in three sessions and reaching its lowest level since April 21.
The G20-HSFO Index dropped by $3.50/mt to $461.50/mt, while the G20-MGO Index sank by $11.50/mt to $712.50/mt.
ICE Brent crude futures gained $0.43/bl to $66.55/bl on Thursday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices lost $4.50/mt to $502/mt, at Rotterdam they fell by $2.50/mt to $457.50/mt, at Fujairah they declined by $6.50/mt to $494.50/mt, and at Houston they sank by $3.50/mt to $469/mt.
On Friday morning Brent futures were trading up by $0.53/bl from the previous session's close at $67.08/bl as of 5:51 AM in London. In metric tonne terms that would be equivalent to a $3.99/mt rise on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 502.00 | 4.50 | 617.00 | 5.50 |
| Rotterdam | 457.50 | 2.50 | 623.50 | 6.50 |
| Houston | 469.00 | 3.50 | 623.00 | 2.00 |
| Fujairah | 494.50 | 6.50 | 715.50 | 5.50 |
| Global 20 Ports Average | 526.00 | 3.00 | 712.50 | 11.50 |
| Global 4 Ports Average | 481.00 | 4.00 | 645.00 | 4.50 |
| Global Average Bunker Price | 569.00 | 2.00 | 750.00 | 5.50 |
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