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 | 506.00 | 7.00 | 661.00 | 2.00 |
| Rotterdam | 480.00 | 0.50 | 667.50 | 2.50 |
| Houston | 490.50 | 1.00 | 647.50 | 3.00 |
| Fujairah | 497.00 | 4.50 | 726.50 | 0.00 |
| Global 20 Ports Average | 537.00 | 4.00 | 756.50 | 10.00 |
| Global 4 Ports Average | 493.50 | 2.50 | 675.50 | 0.50 |
| Global Average Bunker Price | 577.00 | 3.00 | 797.50 | 0.50 |
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