World News
BUNKER PRICES: G20-VLSFO Index Drops to Four-Week Low
Bunker fuel prices slipped at ports around the world on Thursday, with global average VLSFO prices dropping to the lowest level in almost four weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports sank by $6/mt to $599.50/mt on Thursday, reaching its lowest level since January 10.
The G20-HSFO Index lost $1.50/mt to $508/mt, while the G20-MGO Index declined by $4.50/mt to $778.50/mt.
ICE Brent crude futures sank by $0.32/bl to $74.29/bl on Thursday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices fell by $7/mt to $575/mt, at Rotterdam they declined by $7.50/mt to $550.50/mt, at Fujairah they slipped by $10.50/mt to $565/mt, and at Houston they dropped by $3.50/mt to $559.50/mt.
On Friday morning Brent futures were trading up by $0.50/bl from the previous session's close at $74.79/bl as of 8:01 AM in London. In metric tonne terms that would be equivalent to a $3.77/mt rise on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 575.00 | 7.00 | 689.00 | 7.50 |
| Rotterdam | 550.50 | 7.50 | 669.00 | 8.00 |
| Houston | 559.50 | 3.50 | 721.50 | 2.50 |
| Fujairah | 565.00 | 10.50 | 767.00 | 8.50 |
| Global 20 Ports Average | 599.50 | 6.00 | 778.50 | 4.50 |
| Global 4 Ports Average | 562.50 | 7.00 | 711.50 | 6.50 |
| Global Average Bunker Price | 644.50 | 4.50 | 823.50 | 2.50 |
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