World News
BUNKER PRICES: G20-VLSFO Index Declines
Bunker fuel prices declined at most ports on Thursday, with global average VLSFO prices again approaching the lowest level in 18 months.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $2.50/mt to $578.50/mt on Thursday, paring the previous day's $3.50/mt gain. The index reached the lowest level since June 2023 earlier this week.
The G20-HSFO Index sank by $7/mt to $491/mt, while the G20-MGO Index slipped by $5/mt to $755/mt.
ICE Brent crude futures sank by $0.22/bl to $72.09/bl on Thursday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices lost $3.50/mt to $555.50/mt, at Rotterdam they declined by $3/mt to $503.50/mt, at Fujairah they fell by $6.50/mt to $545/mt, and at Houston they dropped by $2.50/mt to $548.50/mt.
On Thursday morning Brent futures were trading down by $0.09/bl from the previous session's close at $72/bl as of 5:35 AM in London. In metric tonne terms that would be equivalent to a $0.68/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 613.00 | 7.00 | 752.50 | 4.50 |
| Rotterdam | 557.00 | 3.00 | 719.50 | 7.50 |
| Houston | 601.50 | 1.50 | 779.50 | 5.00 |
| Fujairah | 598.00 | 3.00 | 791.00 | 1.50 |
| Global 20 Ports Average | 620.50 | 4.00 | 817.00 | 5.00 |
| Global 4 Ports Average | 592.50 | 3.00 | 761.00 | 5.00 |
| Global Average Bunker Price | 657.50 | 3.50 | 851.00 | 3.50 |
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