World News
BUNKER PRICES: G20-VLSFO Index Slips for First Session in Four
Bunker fuel prices declined for the first session in four at most ports on Friday.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $3.50/mt to $678.50/mt on Friday, taking the index to a decline of $0.50/mt overall last week. The G20-HSFO Index rose by $1.50/mt to $454.50/mt, while the G20-MGO Index declined by $1.50/mt to $955/mt.
ICE Brent crude futures gained $1.89bl to $86.39/bl on Friday.
VLSFO prices at the top ports had a mixed direction. At Singapore prices fell by $3/mt to $666/mt, at Rotterdam they advanced by $2/mt to $599/mt, at Fujairah they declined by $3.50/mt to $664.50/mt and at Houston they rose by $7/mt to $637.50/mt.
On Monday morning Brent futures were trading down by $1.11/bl at $85.28/bl as of 10:02 AM in London. In metric tonne terms that would amount to an $8.36/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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