World News
BUNKER PRICES: G20-VLSFO Index Slips for First Session in Four
Bunker fuel prices slipped at most ports on Thursday, with global average VLSFO prices dropping for the first in four consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $1.50/mt to $627/mt on Thursday, in its first daily decline since May 24. The G20-HSFO Index was little changed at $542.50/mt, while the G20-MGO Index slipped by $1/mt to $811.50/mt.
ICE Brent crude futures fell by $1.55/bl to $81.88/bl on Thursday.
VLSFO prices at the top ports followed a negative trend. At Singapore prices fell by $3.50/mt to $609.50/mt, at Rotterdam they dropped by $3/mt to $561/mt, at Fujairah they declined by $2/mt to $607/mt, and at Houston they sank by $2/mt to $588.50/mt.
On Friday morning Brent futures were trading down by $0.17/bl from the previous session's close at $81.71/bl as of 6:50 AM in London. In metric tonne terms that would be equivalent to a $1.28/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 608.50 | 3.00 | 656.00 | 3.00 |
| Rotterdam | 541.00 | 3.00 | 671.50 | 6.00 |
| Houston | 539.00 | 1.50 | 668.00 | 5.00 |
| Fujairah | 587.50 | 8.00 | 763.00 | 6.50 |
| Global 20 Ports Average | 606.50 | 2.50 | 750.00 | 1.00 |
| Global 4 Ports Average | 569.00 | 4.00 | 689.50 | 0.00 |
| Global Average Bunker Price | 648.00 | 2.50 | 813.50 | 2.50 |
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