World News
BUNKER PRICES: G20-VLSFO Index Drops for Third Day
Bunker fuel prices declined at most ports on Thursday, with average global VLSFO prices slipping for a third consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $3/mt to $574/mt on Thursday, remaining at the lowest level since May 15. The G20-HSFO Index advanced by $3/mt to $470.50/mt, while the G20-MGO Index declined by $11/mt to $745.50/mt.
ICE Brent crude futures gained $1.68/bl to $74.28/bl on Thursday.
VLSFO prices at the top ports mostly had a negative trend. At Singapore prices sank by $3.50/mt to $558/mt, at Rotterdam they climbed by $3/mt to $522.50/mt, at Fujairah they slipped by $2/mt to $547/mt, and at Houston they dropped by $7.50/mt to $511/mt.
On Friday morning Brent crude futures were trading up by $0.77/bl at $75.05/bl as of 9:23AM in London. In metric tonne terms that would be equivalent to a $5.80/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.00 | 8.50 | 779.00 | 29.50 |
| Rotterdam | 608.00 | 11.00 | 764.50 | 24.50 |
| Houston | 636.50 | 8.00 | 807.50 | 5.00 |
| Fujairah | 649.50 | 4.00 | 888.50 | 11.50 |
| Global 20 Ports Average | 665.50 | 6.50 | 870.50 | 14.50 |
| Global 4 Ports Average | 635.50 | 3.50 | 810.00 | 17.50 |
| Global Average Bunker Price | 725.00 | 2.50 | 925.50 | 8.00 |
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