World News
BUNKER PRICES: G20-VLSFO Index Drops for Second Session
Bunker fuel prices slipped at ports around the world on Friday, with global average VLSFO prices dropping for a second consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports sank by $2.50/mt to $597/mt on Friday, reaching its lowest level since January 10.
The G20-HSFO Index gained $4/mt to $512/mt, while the G20-MGO Index advanced by $1/mt to $779.50/mt.
ICE Brent crude futures jumped by $0.37/bl to $74.66/bl on Friday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices fell by $0.50/mt to $574.50/mt, at Rotterdam they declined by $4.50/mt to $546/mt, at Fujairah they rose by $1.50/mt to $566.50/mt, and at Houston they climbed by $0.50/mt to $560/mt.
On Monday morning Brent futures were trading up by $0.47/bl from the previous session's close at $75.13/bl as of 7:21 AM in London. In metric tonne terms that would be equivalent to a $3.54/mt rise on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 574.50 | 0.50 | 690.50 | 1.50 |
| Rotterdam | 546.00 | 4.50 | 667.50 | 1.50 |
| Houston | 560.00 | 0.50 | 725.50 | 4.00 |
| Fujairah | 566.50 | 1.50 | 764.00 | 3.00 |
| Global 20 Ports Average | 597.00 | 2.50 | 779.50 | 1.00 |
| Global 4 Ports Average | 561.50 | 1.00 | 712.00 | 0.50 |
| Global Average Bunker Price | 642.50 | 2.00 | 823.50 | 0.00 |
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