World News
BUNKER PRICES: G20-VLSFO Index Drops to Three-Month Low
Bunker fuel prices declined at most ports on Thursday, with global average VLSFO prices sinking to the lowest level in almost three months.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $13.50/mt to $645/mt on Thursday, reaching the lowest level since February 6. The G20-HSFO Index slipped by $8.50/mt to $541.50/mt, while the G20-MGO Index lost $16.50/mt to $832/mt.
ICE Brent crude futures rallied by $0.23/bl to $83.67/bl on Thursday.
VLSFO prices at the top ports followed a negative trend. At Singapore prices fell by $10.50/mt to $634/mt, at Rotterdam they declined by $16/mt to $574/mt, at Fujairah they sank by $18.50/mt to $624.50/mt, and at Houston they dropped by $13/mt to $595.50/mt.
On Friday morning Brent futures were trading up by $0.25/bl from the previous session's close at $83.92/bl as of 6:07 AM in London. In metric tonne terms that would be equivalent to a $1.88/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 611.00 | 1.50 | 730.00 | 7.00 |
| Rotterdam | 557.50 | 1.00 | 718.50 | 2.00 |
| Houston | 576.00 | 1.00 | 750.50 | 2.50 |
| Fujairah | 608.50 | 2.50 | 829.00 | 2.00 |
| Global 20 Ports Average | 624.50 | 2.50 | 817.50 | 3.00 |
| Global 4 Ports Average | 588.50 | 0.50 | 757.00 | 2.50 |
| Global Average Bunker Price | 678.50 | 3.50 | 883.50 | 2.00 |
Popular Now More
-
Jul 25But a dearth of evidence supports the optimism on otherl fronts. -
Jul 23The new hire previously worked as a senior fuel oil trader for Hartree Partners in Houston. -
Jul 26Q2 marine income from operations was down by 47.5% on the year, by 61.2% from Q1 and the least since the fourth quarter of 2021.