World News
BUNKER PRICES: G20-VLSFO Index Drops to One-Week Low
Bunker fuel prices slipped at most ports on Friday, with global average VLSFO prices declining to the lowest level in a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $5/mt to $665/mt on Friday, reaching the lowest level since November 17. The G20-HSFO Index fell by $1.50/mt to $522.50/mt, while the G20-MGO Index dropped by $2.50/mt to $889.50/mt.
ICE Brent crude futures sank by $0.84/bl to $80.58/bl on Friday.
VLSFO prices at the top ports followed a negative trend. At Singapore prices fell by $10/mt to $698/mt, at Rotterdam they lost $16/mt to $574/mt, at Fujairah they sank by $2/mt to $668/mt, and at Houston they declined by $6/mt to $569/mt.
On Monday morning Brent crude futures were trading down by $0.70/bl at $79.88/bl as of 8:17 AM in London. In metric tonne terms that would be equivalent to a $5.27/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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