World News
BUNKER PRICES: G20-VLSFO Index Drops to One-Month Low
Bunker fuel prices sank at ports around the world on Thursday, with global average VLSFO prices dropping to the lowest level in more than a month.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $8.50/mt to $593.50/mt on Thursday, reaching its lowest level since January 9.
The G20-HSFO Index fell by $5.50/mt to $515/mt, while the G20-MGO Index slipped by $6.50/mt to $786/mt.
ICE Brent crude futures fell by $0.16/bl to $75.02/bl on Thursday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices fell by $10.50/mt to $573.50/mt, at Rotterdam they lost $6/mt to $541/mt, at Fujairah they declined by $11/mt to $569/mt, and at Houston they slipped by $7.50/mt to $555.50/mt.
On Friday morning Brent futures were trading up by $0.11/bl from the previous session's close at $75.13/bl as of 6:25 AM in London. In metric tonne terms that would be equivalent to a $0.83/mt rise on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 576.00 | 2.50 | 692.50 | 0.50 |
| Rotterdam | 539.50 | 1.50 | 677.00 | 2.00 |
| Houston | 549.00 | 6.50 | 728.50 | 1.00 |
| Fujairah | 571.00 | 2.00 | 768.00 | 1.00 |
| Global 20 Ports Average | 595.50 | 2.00 | 785.00 | 1.00 |
| Global 4 Ports Average | 559.00 | 1.00 | 716.50 | 0.00 |
| Global Average Bunker Price | 642.50 | 0.50 | 832.50 | 2.00 |
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