World News
BUNKER PRICES: G20-VLSFO Index Slips Despite Rise in Crude
Bunker fuel prices mostly declined at ports around the world on Friday, with global average VLSFO prices slipping despite a small rise in crude futures.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $1/mt to $613.50/mt on Friday, paring the previous day's $1.50/mt gain.
The G20-HSFO Index rose by $1/mt to $515/mt, while the G20-MGO Index advanced by $2.50/mt to $796/mt.
ICE Brent crude futures rose by $0.21/bl to $78.50/bl on Friday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices rose by $0.50/mt to $597/mt, at Rotterdam they fell by $1.50/mt to $547.50/mt, at Fujairah they sank by $2/mt to $585.50/mt, and at Houston they dropped by $3.50/mt to $581.50/mt.
On Monday morning Brent futures were trading down by $0.33/bl from the previous session's close at $78.17/bl as of 8:01 AM in London. In metric tonne terms that would be equivalent to a $2.48/mt fall on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 598.50 | 1.50 | 713.50 | 10.50 |
| Rotterdam | 547.50 | 0.00 | 685.00 | 11.00 |
| Houston | 576.50 | 5.00 | 740.50 | 15.50 |
| Fujairah | 584.00 | 1.50 | 772.50 | 0.00 |
| Global 20 Ports Average | 612.50 | 1.00 | 797.50 | 1.50 |
| Global 4 Ports Average | 576.50 | 1.50 | 727.50 | 9.50 |
| Global Average Bunker Price | 652.00 | 1.50 | 838.50 | 0.00 |
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