World News
BUNKER PRICES: G20-VLSFO Index Holds Steady Despite Drop in Crude
Bunker prices were mixed in direction at ports around the world on Friday, with global average VLSFO prices little changed overall despite a drop in crude futures.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports was little changed at $555.50/mt on Friday, remaining at its highest level since June 26.
The G20-HSFO Index fell by $3/mt to $466.50/mt, while the G20-MGO Index held steady at $768/mt.
ICE Brent crude futures slipped by $0.50/bl to $68.30/bl on Friday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $1.50/mt to $528.50/mt, at Rotterdam they declined by $1/mt to $510.50/mt, at Fujairah they were little changed at $519/mt, and at Houston they slipped by $2.50/mt to $495/mt.
On Monday morning Brent crude futures were trading down by $0.22/bl from the previous session's close at $68.08/bl as of 7:05 AM in London. In metric tonne terms that would be equivalent to a $1.66/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 519.50 | 0.50 | 696.00 | 15.50 |
| Rotterdam | 507.50 | 1.00 | 727.50 | 18.50 |
| Houston | 501.50 | 5.50 | 722.50 | 17.00 |
| Fujairah | 514.00 | 4.00 | 747.50 | 10.00 |
| Global 20 Ports Average | 550.50 | 0.00 | 776.50 | 8.00 |
| Global 4 Ports Average | 510.50 | 2.50 | 723.50 | 15.50 |
| Global Average Bunker Price | 588.00 | 2.00 | 816.00 | 6.00 |
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