World News
BUNKER PRICES: G20-VLSFO Index Slips to One-Week Low
Bunker fuel prices declined at most ports on Friday, with global average VLSFO prices slipping to the lowest level in a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $5.50/mt to $655/mt on Friday, reaching the lowest level since January 26. The G20-HSFO Index fell by $2.50/mt to $497/mt, while the G20-MGO Index dropped by $5.50/mt to $876/mt.
ICE Brent crude futures fell by $1.37/bl to $77.33/bl on Friday.
VLSFO prices at the top ports followed a negative trend. At Singapore prices fell by $1/mt to $642/mt, at Rotterdam they lost $12/mt to $572/mt, at Fujairah they fell by $0.50/mt to $619.50/mt, and at Houston they slipped by $4/mt to $623/mt.
On Monday morning Brent futures were trading up by $0.16/bl from the previous session's close at $77.49bl as of 7;37 AM in London. In metric tonne terms that would be equivalent to a $1.20/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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