World News
BUNKER PRICES: G20-VLSFO Index Drops to Two-Month Low
Bunker prices mostly declined at ports around the world on Thursday, with global average VLSFO prices dropping to their lowest level in almost two months.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $2.50/mt to $541/mt on Thursday, reaching its lowest level since June 11.
The G20-HSFO Index declined by $2/mt to $462/mt, while the G20-MGO Index dropped by $4/mt to $746.50/mt.
ICE Brent crude futures fell by $0.46/bl to $66.43/bl on Thursday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices fell by $2/mt to $513/mt, at Rotterdam they sank by $7.50/mt to $480.50/mt, at Fujairah they slipped by $4.50/mt to $501.50/mt, and at Houston they dropped by $7/mt to $489.50/mt.
On Friday morning Brent crude futures were trading down by $0.10/bl from the previous session's close at $66.33/bl as of 6:01 AM in London. In metric tonne terms that would be equivalent to a $0.75/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 502.50 | 0.50 | 652.00 | 0.00 |
| Rotterdam | 474.50 | 2.50 | 655.00 | 0.50 |
| Houston | 491.00 | 0.50 | 664.00 | 3.50 |
| Fujairah | 504.00 | 2.50 | 731.00 | 0.50 |
| Global 20 Ports Average | 529.00 | 1.00 | 745.50 | 0.50 |
| Global 4 Ports Average | 493.00 | 1.00 | 675.50 | 1.00 |
| Global Average Bunker Price | 558.00 | 10.50 | 794.50 | 0.50 |
Popular Now More
-
Aug 29Dan-Bunkering has denied an allegation of 'commercial bribery' raised in a lawsuit involving two former US employees over alleged breach of contract. -
Aug 26The Netherlands has prepared legislation to implement the EU's revised Renewable Energy Directive (RED III) in 2026. -
Aug 29Bunkering and STS operations may take place off Algoa Bay only when wind speeds are below 22 knots and waves are less than two meters.