World News
BUNKER PRICES: G20-VLSFO Index Drops to One-Week Low
Bunker fuel prices declined at most ports on Friday, with average global VLSFO prices dropping to the lowest level in more than a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $15/mt to $598.50/mt on Friday, reaching the lowest level since June 15. The G20-HSFO Index dropped by $8.50/mt to $490/mt, while the G20-MGO Index sank by $12.50/mt to $776/mt.
ICE Brent crude futures lost $0.29/bl to $73.85/bl on Friday.
VLSFO prices at the top ports had a negative trend. At Singapore prices fell by $10/mt to $602.50/mt, at Rotterdam they slipped by $12.50/mt to $539.50/mt, at Fujairah they declined by $16.50/mt to $584/mt, and at Houston they dropped by $6/mt to $532.50/mt.
On Monday morning Brent crude futures were trading down by $0.27/bl at $73.58/bl as of 9:50 AM in London. In metric tonne terms that would be equivalent to a $2.03/mt fall 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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