World News
BUNKER PRICES: G20-VLSFO Index Drops to Two-Month Low
Bunker fuel prices sank at most ports on Friday, with global VLSFO prices declining to the lowest level in two months.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $4/mt to $632.50/mt on Friday, reaching the lowest level since January 11. The G20-HSFO Index dropped by $10/mt to $467.50/mt, while the G20-MGO Index declined by $9.50/mt to $895.50/mt.
ICE Brent crude futures gained $1.19/bl to $82.78/bl on Friday.
VLSFO prices at the top ports mostly followed a negative trend. At Singapore prices fell by $9/mt to $593/mt, at Rotterdam they dropped by $15/mt to $563.50/mt, at Fujairah they advanced by $0.50/mt to $600/mt and at Houston they sank by $22/mt to $607/mt.
On Monday morning Brent futures were trading down by $1.28/bl at $81.50/bl as of 9:53 AM in London. In metric tonner terms that would amount to a $9.64/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.50 | 2.00 | 778.50 | 8.50 |
| Rotterdam | 602.00 | 0.50 | 748.00 | 6.00 |
| Houston | 624.00 | 5.00 | 792.00 | 3.50 |
| Fujairah | 649.50 | 2.00 | 898.00 | 3.00 |
| Global 20 Ports Average | 662.00 | 2.00 | 855.00 | 1.50 |
| Global 4 Ports Average | 631.00 | 1.00 | 804.00 | 0.50 |
| Global Average Bunker Price | 717.50 | 0.50 | 913.50 | 1.00 |
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