World News
BUNKER PRICES: G20-VLSFO Index Drops to One-Week Low
Bunker fuel prices declined at most ports on Thursday, with global average VLSFO prices slipping to the lowest level in more than a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports dropped by $3/mt to $640.50/mt on Thursday, reaching the lowest level since July 1.
The G20-HSFO Index sank by $0.50/mt to $547.50/mt, while the G20-MGO Index rose by $0.50/mt to $839/mt.
ICE Brent crude futures rose by $0.32/bl to $85.40/bl on Thursday.
VLSFO prices at the top ports mostly followed a negative trend. At Singapore prices lost $0.50/mt to $627.50/mt, at Rotterdam they fell by $2.50/mt to $574.50/mt, at Fujairah they declined by $2/mt to $631.50/mt, and at Houston they rose by $1.50/mt to $609.50/mt.
On Friday morning Brent futures were trading up by $0.15/bl from the previous session's close at $85.55/bl as of 6:07 AM in London. In metric tonne terms that would be equivalent to a $1.13/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 569.50 | 0.00 | 680.00 | 0.00 |
| Rotterdam | 515.00 | 1.00 | 674.00 | 2.00 |
| Houston | 550.00 | 2.50 | 678.00 | 6.50 |
| Fujairah | 560.50 | 0.50 | 753.50 | 2.50 |
| Global 20 Ports Average | 586.00 | 0.00 | 761.00 | 2.00 |
| Global 4 Ports Average | 549.00 | 1.00 | 696.50 | 2.00 |
| Global Average Bunker Price | 634.50 | 1.00 | 800.50 | 2.00 |
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