World News
BUNKER PRICES: G20-VLSFO Index Drops for Sixth Session
Bunker fuel prices slipped at most ports on Friday, with average global VLSFO prices dropping for a sixth consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $5/mt to $613/mt on Friday, remaining at the lowest level since March 31. The G20-HSFO Index slipped by $2.50/mt to $508/mt, while the G20-MGO Index dropped by $10/mt to $837/mt.
ICE Brent crude futures gained $0.56/bl to $81.66/bl on Friday.
VLSFO prices at the top ports had a negative trend. At Singapore prices fell by $6/mt to $592/mt, at Rotterdam they declined by $7/mt to $551/mt, at Fujairah they dropped by $3.50/mt to $591.50/mt and at Houston they sank by $11/mt to $576.50/mt.
On Friday morning Brent crude futures were trading down by $0.16/bl at $81.50/bl as of 9:36 AM in London. In metric tonne terms that would be equivalent to a $1.20/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.00 | 0.50 | 775.00 | 3.50 |
| Rotterdam | 603.50 | 1.50 | 759.50 | 11.50 |
| Houston | 626.50 | 2.50 | 794.00 | 2.00 |
| Fujairah | 649.00 | 0.50 | 904.50 | 6.50 |
| Global 20 Ports Average | 664.00 | 2.00 | 855.00 | 0.00 |
| Global 4 Ports Average | 632.00 | 1.00 | 808.00 | 4.00 |
| Global Average Bunker Price | 716.50 | 1.00 | 901.00 | 12.50 |
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