World News
BUNKER PRICES: G20-VLSFO Index Slips for First Session in Three
Bunker fuel prices fell at most ports on Friday, with average global VLSFO prices declining for the first in three sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $5.50/mt to $593/mt on Friday, reaching the lowest level since June 6. The G20-HSFO Index slipped by $3.50/mt to $486/mt, while the G20-MGO Index declined by $10.50/mt to $776/mt.
ICE Brent crude futures lost $1.17/bl to $74.79/bl on Friday.
VLSFO prices at the top ports had a negative trend. At Singapore prices fell by $3/mt to $585.50/mt, at Rotterdam they slipped by $5/mt to $540/mt, at Fujairah they declined by $1/mt to $566.50/mt, and at Houston they sank by $15/mt to $532.50/mt.
On Monday morning Brent crude futures were trading down by $1.99/bl at $72.80/bl as of 9:16 AM in London. In metric tonne terms that would be equivalent to a $14.98/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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