World News
BUNKER PRICES: G20-VLSFO Index Drops to One-Month Low
Bunker prices mostly declined at ports around the world on Thursday, with global average VLSFO prices dropping to their lowest level in more than a month.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $1.50/mt to $550.50/mt on Thursday, reaching its lowest level since June 12.
The G20-HSFO Index rose by $2/mt to $462.50/mt, while the G20-MGO Index declined by $2/mt to $768.50/mt.
ICE Brent crude futures rose by $1.00/bl to $69.52/bl on Thursday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $2/mt to $520/mt, at Rotterdam they advanced by $1/mt to $506.50/mt, at Fujairah they slipped by $2.50/mt to $510/mt, and at Houston they dropped by $0.50/mt to $496/mt.
On Friday morning Brent crude futures were trading up by $0.35/bl from the previous session's close at $69.87/bl as of 5:30 AM in London. In metric tonne terms that would be equivalent to a $2.64/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 515.00 | 0.50 | 689.50 | 3.50 |
| Rotterdam | 506.50 | 2.50 | 721.50 | 2.50 |
| Houston | 501.00 | 0.50 | 713.50 | 5.50 |
| Fujairah | 507.50 | 3.50 | 742.50 | 2.00 |
| Global 20 Ports Average | 547.00 | 2.50 | 771.00 | 2.00 |
| Global 4 Ports Average | 507.50 | 1.50 | 716.50 | 3.50 |
| Global Average Bunker Price | 584.00 | 4.00 | 820.50 | 2.50 |
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