World News
BUNKER PRICES: G20-VLSFO Index Slips for First Session in Three
Bunker fuel prices declined at most ports on Friday, with global average VLSFO prices slipping for the first in three consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $0.50/mt to $660/mt on Friday, in its first daily decline since November 28. The G20-HSFO Index fell by $6/mt to $522/mt, while the G20-MGO Index dropped by $4.50/mt to $880.50/mt.
ICE Brent crude futures sank by $1.98/bl to $78.88/bl on Friday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices rose by $4/mt to $670.50/mt, at Rotterdam they gained $2/mt to $588.50/mt, at Fujairah they climbed by $2.50/mt to $649/mt, and at Houston they sank by $12.50/mt to $577/mt.
On Monday morning Brent crude futures were trading down by $0.75/bl at $78.13/bl as of 8:07 AM in London. In metric tonne terms that would be equivalent to a $5.65/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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