World News
BUNKER PRICES: G20-VLSFO Index Drops to Two-Week Low
Bunker prices mostly declined at ports around the world on Friday, with global average VLSFO prices dropping to the lowest level in almost two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $4.50/mt to $532/mt on Friday, reaching its lowest level since May 13.
The G20-HSFO Index lost $2/mt to $460.50/mt, while the G20-MGO Index fell by $4/mt to $708.50/mt.
ICE Brent crude futures jumped by $0.34/bl to $64.78/bl on Friday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $11.50/mt to $511/mt, at Rotterdam they advanced by $1/mt to $479/mt, at Fujairah they sank by $2.50/mt to $506/mt, and at Houston they dropped by $4/mt to $464.50/mt.
On Monday morning Brent crude futures were trading up by $0.21/bl from the previous session's close at $64.97/bl as of 5:07 AM in London. In metric tonne terms that would be equivalent to a $1.58/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 513.00 | 2.00 | 605.00 | 2.50 |
| Rotterdam | 476.00 | 3.00 | 614.50 | 4.00 |
| Houston | 466.50 | 2.00 | 609.50 | 6.00 |
| Fujairah | 505.50 | 0.50 | 708.00 | 4.50 |
| Global 20 Ports Average | 532.50 | 0.50 | 710.00 | 1.50 |
| Global 4 Ports Average | 490.00 | 0.00 | 634.50 | 0.50 |
| Global Average Bunker Price | 570.00 | 0.00 | 752.50 | 0.00 |
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