World News
BUNKER PRICES: G20-VLSFO Index Holds Steady as Crude Slips
Bunker fuel prices were mixed in direction on Friday, with global average VLSFO prices holding steady overall despite a small decline in crude futures.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports was little changed at $616.50/mt on Friday, having reached the highest level since May 31 the previous day. The G20-HSFO Index was little changed at $533/mt, while the G20-MGO Index advanced by $2/mt to $803/mt.
ICE Brent crude futures slipped by $0.13/bl to $82.62/bl on Friday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices lost $0.50/mt to $597.50/mt, at Rotterdam they climbed by $4/mt to $555/mt, at Fujairah they advanced by $0.50/mt to $600/mt, and at Houston they rose by $3.50/mt to $578.50/mt.
On Monday morning Brent futures were trading down by $0.39/bl from the previous session's close at $82.23/bl as of 7:20 AM in London. In metric tonne terms that would be equivalent to a $2.94/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 579.00 | 12.50 | 633.00 | 0.00 |
| Rotterdam | 520.50 | 4.50 | 619.50 | 9.00 |
| Houston | 507.00 | 1.50 | 636.50 | 2.00 |
| Fujairah | 567.50 | 10.00 | 763.50 | 5.00 |
| Global 20 Ports Average | 591.00 | 6.50 | 726.00 | 2.50 |
| Global 4 Ports Average | 543.50 | 7.00 | 663.00 | 3.50 |
| Global Average Bunker Price | 635.50 | 8.00 | 803.50 | 2.50 |
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