World News
BUNKER PRICES: G20-VLSFO Index Drops to Two-Week Low
Bunker fuel prices declined at most ports on Friday, with global average VLSFO prices slipping to the lowest level in more than two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports dropped by $5.50/mt to $635/mt on Friday, reaching the lowest level since June 25.
The G20-HSFO Index rose by $2/mt to $549.50/mt, while the G20-MGO Index sank by $10.50/mt to $828.50/mt.
ICE Brent crude futures slipped by $0.37/bl to $85.03/bl on Friday.
VLSFO prices at the top ports followed a positive trend. At Singapore prices gained $2/mt to $629.50/mt, at Rotterdam they rose by $7.50/mt to $582/mt, at Fujairah they advanced by $2.50/mt to $634/mt, and at Houston they climbed by $2.50/mt to $612/mt.
On Monday morning Brent futures were trading down by $0.01/bl from the previous session's close at $85.02/bl as of 7:06 AM in London. In metric tonne terms that would be equivalent to a $0.08/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 627.50 | 3.00 | 643.50 | 2.00 |
| Rotterdam | 530.50 | 3.00 | 636.50 | 3.50 |
| Houston | 526.00 | 0.00 | 665.00 | 0.50 |
| Fujairah | 608.50 | 8.00 | 778.50 | 2.00 |
| Global 20 Ports Average | 612.50 | 3.50 | 746.50 | 1.00 |
| Global 4 Ports Average | 573.00 | 5.00 | 681.00 | 3.00 |
| Global Average Bunker Price | 657.00 | 4.00 | 827.50 | 2.50 |
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