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 | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
Popular Now More
-
Oct 02The new hire was previously managing director of bunker trading firm Sing Fuels from March 2018 to this month. -
Oct 03The new hire was previously managing partner of Island Gulf Energy in Dubai from July 2016 to last month. -
Oct 02The new hire was previously a bunker trader for marine fuel trading firm Pacific Bunkers in Singapore from July 2012 to last month.