World News
BUNKER PRICES: G20-VLSFO Index Drops for Fourth Day
Bunker fuel prices fell at most ports on Thursday, with global average VLSFO prices declining for a fourth consecutive day.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $2/mt to $578/mt on Thursday, reaching the lowest level since June 2023.
The G20-HSFO Index gained $1/mt to $488/mt, while the G20-MGO Index fell by $2.50/mt to $758.50/mt.
ICE Brent crude futures rose by $0.45/bl to $73.28/bl on Thursday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices lost $7/mt to $549/mt, at Rotterdam they advanced by $1/mt to $508/mt, at Fujairah they slipped by $6.50/mt to $542/mt, and at Houston they dropped by $3/mt to $546.50/mt.
On Friday morning Brent futures were trading down by $0.58/bl from the previous session's close at $72.70/bl as of 11:58 AM in London. In metric tonne terms that would be equivalent to a $4.37/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 549.50 | 0.50 | 672.50 | 2.00 |
| Rotterdam | 505.50 | 2.50 | 656.50 | 2.50 |
| Houston | 553.50 | 7.00 | 676.50 | 4.50 |
| Fujairah | 543.00 | 1.00 | 746.00 | 2.00 |
| Global 20 Ports Average | 579.50 | 1.50 | 758.50 | 0.00 |
| Global 4 Ports Average | 538.00 | 1.50 | 688.00 | 1.50 |
| Global Average Bunker Price | 624.00 | 0.50 | 804.50 | 3.00 |
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