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 | 553.50 | 0.00 | 673.00 | 0.00 |
| Rotterdam | 514.50 | 0.00 | 651.00 | 0.00 |
| Houston | 545.00 | 0.00 | 671.00 | 0.00 |
| Fujairah | 543.00 | 0.00 | 747.00 | 0.00 |
| Global 20 Ports Average | 574.00 | 0.00 | 748.00 | 0.00 |
| Global 4 Ports Average | 539.00 | 0.00 | 685.50 | 0.00 |
| Global Average Bunker Price | 627.00 | 0.50 | 799.50 | 1.00 |
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