World News
BUNKER PRICES: G20-VLSFO Index Drops to Three-Day Low
Bunker fuel prices fell at most ports on Thursday, with global average VLSFO prices slipping to the lowest level in three days.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $2.50/mt to $620/mt on Thursday, reaching the lowest level since August 12.
The G20-HSFO Index fell by $4/mt to $514.50/mt, while the G20-MGO Index sank by $1/mt to $793/mt.
ICE Brent crude futures jumped by $1.18/bl to $81.04/bl on Thursday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices lost $4/mt to $607/mt, at Rotterdam they were little changed at $556/mt, at Fujairah they declined by $6/mt to $600.50/mt, and at Houston they slipped by $0.50/mt to $566.50/mt.
On Friday morning Brent futures were trading down by $0.28/bl from the previous session's close at $80.76/bl as of 6:16 AM in London. In metric tonne terms that would be equivalent to a $2.11/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 569.50 | 0.00 | 680.00 | 0.00 |
| Rotterdam | 515.00 | 1.00 | 674.00 | 2.00 |
| Houston | 550.00 | 2.50 | 678.00 | 6.50 |
| Fujairah | 560.50 | 0.50 | 753.50 | 2.50 |
| Global 20 Ports Average | 586.00 | 0.00 | 761.00 | 2.00 |
| Global 4 Ports Average | 549.00 | 1.00 | 696.50 | 2.00 |
| Global Average Bunker Price | 634.50 | 1.00 | 800.50 | 2.00 |
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