World News
BUNKER PRICES: G20-VLSFO Index Drops to 4 1/2-Year Low
Bunker prices mostly fell at ports around the world on Friday, with global average VLSFO prices dropping to its lowest level in four and a half years.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $4.50/mt to $482/mt on Friday, reaching its lowest level since February 2021.
The G20-HSFO Index slipped by $4.50/mt to $408.50/mt, while the G20-MGO Index declined by $17/mt to $794.50/mt.
ICE Brent crude futures slipped by $0.82/bl to $62.56/bl on Friday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $9.50/mt to $450/mt, at Rotterdam they lost $9.50/mt to $415.50/mt, at Fujairah they declined by $9/mt to $443/mt, and at Houston they jumped by $2/mt to $441.50/mt.
On Monday morning Brent crude futures were trading up by $0.19/bl from the previous session's close at $62.75/bl as of 6:17 AM in London. In metric tonne terms that would be equivalent to a $1.43/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 450.00 | 9.50 | 734.50 | 25.50 |
| Rotterdam | 415.50 | 9.50 | 721.50 | 20.00 |
| Houston | 441.50 | 2.00 | 719.50 | 21.00 |
| Fujairah | 443.00 | 9.00 | 730.00 | 14.00 |
| Global 20 Ports Average | 482.00 | 4.50 | 794.50 | 17.00 |
| Global 4 Ports Average | 437.50 | 6.50 | 726.50 | 20.00 |
| Global Average Bunker Price | 521.50 | 2.50 | 829.00 | 10.00 |
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