World News
BUNKER PRICES: G20-VLSFO Index Slips to 17-Month Low
Bunker fuel prices declined at most ports on Thursday, with global average VLSFO prices dropping to the lowest level in almost a year and a half.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $1/mt to $584/mt on Thursday, reaching the lowest level since June 2023.
The G20-HSFO Index advanced by $0.50/mt to at $488/mt, while the G20-MGO Index rose by $2/mt to $751.50/mt.
ICE Brent crude futures rose by $0.28/bl to $72.56/bl on Thursday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices were little changed at $571.50/mt, at Rotterdam they declined by $3/mt to $512/mt, at Fujairah they were little changed at $560.50/mt, and at Houston they jumped by $3/mt to $545.50/mt.
On Friday morning Brent futures were trading down by $0.92/bl from the previous session's close at $71.64/bl as of 7:06 AM in London. In metric tonne terms that would be equivalent to a $6.93/mt drop in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.50 | 0.00 | 665.50 | 1.00 |
| Rotterdam | 512.00 | 3.00 | 663.00 | 0.50 |
| Houston | 545.50 | 3.00 | 666.00 | 9.50 |
| Fujairah | 560.50 | 0.00 | 743.50 | 1.50 |
| Global 20 Ports Average | 584.00 | 1.00 | 751.50 | 2.00 |
| Global 4 Ports Average | 547.50 | 0.00 | 684.50 | 2.50 |
| Global Average Bunker Price | 633.50 | 0.50 | 805.50 | 0.00 |
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