World News
BUNKER PRICES: G20-VLSFO Index Drops to Five-Week Low
Bunker fuel prices declined at most ports on Friday, with global VLSFO prices dropping to the lowest level in five weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $12/mt to $660/mt on Friday, reaching the lowest point since January 13. The G20-HSFO Index was unchanged at $458/mt, while the G20-MGO Index declined by $10.50/mt to $934.50/mt.
ICE Brent crude futures lost $2.14bl to $83/bl on Friday.
VLSFO prices at the top ports had a negative trend. At Singapore prices fell by $22.50/mt to $630.50/mt, at Rotterdam they sank by $24.50/mt to $570/mt, at Fujairah they declined by $19/mt to $625.50/mt and at Houston they slipped by $7.50/mt to $621/mt.
On Monday morning Brent futures were trading up by $0.82/bl at $83.82/bl as of 9:53 AM in London. In metric tonner terms that would amount to a $6.17/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.00 | 0.50 | 775.00 | 3.50 |
| Rotterdam | 603.50 | 1.50 | 759.50 | 11.50 |
| Houston | 626.50 | 2.50 | 794.00 | 2.00 |
| Fujairah | 649.00 | 0.50 | 904.50 | 6.50 |
| Global 20 Ports Average | 664.00 | 2.00 | 855.00 | 0.00 |
| Global 4 Ports Average | 632.00 | 1.00 | 808.00 | 4.00 |
| Global Average Bunker Price | 716.50 | 1.00 | 901.00 | 12.50 |
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