World News
BUNKER PRICES: G20-VLSFO Index Holds Steady as Crude Slips
Bunker prices were mixed in direction at ports around the world on Friday, with global average VLSFO prices holding at a one-month low as crude slipped.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports was little changed at $550.50/mt on Friday, reaching its lowest level since June 12.
The G20-HSFO Index rose by $4.50/mt to $467/mt, while the G20-MGO Index jumped by $8/mt to $776.50/mt.
ICE Brent crude futures fell by $0.24/bl to $69.28/bl on Friday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices fell by $0.50/mt to $519.50/mt, at Rotterdam they advanced by $1/mt to $507.50/mt, at Fujairah they climbed by $4/mt to $514/mt, and at Houston they jumped by $5.50/mt to $501.50/mt.
On Monday morning Brent crude futures were trading up by $0.10/bl from the previous session's close at $69.38/bl as of 6:05 AM in London. In metric tonne terms that would be equivalent to a $0.75/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 516.50 | 3.00 | 692.50 | 3.50 |
| Rotterdam | 506.00 | 1.50 | 713.50 | 14.00 |
| Houston | 501.50 | 0.00 | 732.50 | 10.00 |
| Fujairah | 511.00 | 3.00 | 750.00 | 2.50 |
| Global 20 Ports Average | 550.00 | 0.50 | 775.00 | 1.50 |
| Global 4 Ports Average | 508.50 | 2.00 | 722.00 | 1.50 |
| Global Average Bunker Price | 588.00 | 0.00 | 818.50 | 2.50 |
Popular Now More
-
Jul 21The EU has unveiled its new sanctions package against Russia, cutting the oil price cap to $47.6/bbl and blacklisting over 100 more vessels, including for the first time an Indian refinery linked to Rosneft. -
Jul 16The firm will launch bunker supply at OPL Dakar in Senegal from August, an Aurelio representative tells Ship & Bunker. -
Jul 18US lawmakers have reintroduced two bills to curb emissions from shipping, after earlier proposals stalled in Congress.