World News
BUNKER PRICES: G20-VLSFO Index Drops to Three-Week Low
Bunker fuel prices sank at most ports on Thursday, with global average VLSFO prices dropping to the lowest level in three weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $6.50/mt to $665.50/mt on Thursday, reaching the lowest level since March 28. The G20-HSFO Index slipped by $3.50/mt to $543.50/mt, while the G20-MGO Index dropped by $14.50/mt to $870.50/mt.
ICE Brent crude futures sank by $0.18/bl to $87.11/bl on Thursday.
VLSFO prices at the top ports mostly followed a negative trend. At Singapore prices declined by $8.50/mt to $647/mt, at Rotterdam they fell by $11/mt to $608/mt, at Fujairah they sank by $4/mt to $649.50/mt, and at Houston they rose by $8/mt to $636.50/mt.
On Friday morning Brent futures were trading up by $1.73/bl from the previous session's close at $88.84/bl as of 6:53 AM in London. In metric tonne terms that would be equivalent to a $13.03/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 560.50 | 7.00 | 669.00 | 4.00 |
| Rotterdam | 512.50 | 2.00 | 653.00 | 2.00 |
| Houston | 548.00 | 3.00 | 671.00 | 0.00 |
| Fujairah | 549.00 | 6.00 | 747.00 | 0.00 |
| Global 20 Ports Average | 577.50 | 3.50 | 749.50 | 1.50 |
| Global 4 Ports Average | 542.50 | 3.50 | 685.00 | 0.50 |
| Global Average Bunker Price | 628.50 | 1.50 | 800.50 | 1.00 |
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