World News
BUNKER PRICES: G20-VLSFO Index Drops to One-Week Low
Bunker fuel prices declined at most ports on Thursday, with global average VLSFO prices dropping to the lowest level in a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $1/mt to $574.50/mt on Thursday, reaching its lowest level since December 12.
The G20-HSFO Index slipped by $1/mt to $508/mt, while the G20-MGO Index rose by $0.50/mt to $760.50/mt.
ICE Brent crude futures declined by $0.51/bl to $72.88/bl on Thursday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices lost $2.50/mt to $547.50/mt, at Rotterdam they were little changed at $513.50/mt, at Fujairah they fell by $4.50/mt to $544/mt, and at Houston they slipped by $3.50/mt to $547/mt.
On Friday morning Brent futures were trading down by $0.37/bl from the previous session's close at $72.51/bl as of 6:04 AM in London. In metric tonne terms that would be equivalent to a $2.79/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 547.50 | 2.50 | 679.50 | 0.50 |
| Rotterdam | 513.50 | 0.00 | 652.00 | 1.00 |
| Houston | 547.00 | 3.50 | 679.00 | 0.50 |
| Fujairah | 544.00 | 4.50 | 747.50 | 1.00 |
| Global 20 Ports Average | 574.50 | 1.00 | 760.50 | 0.50 |
| Global 4 Ports Average | 538.00 | 2.50 | 689.50 | 0.00 |
| Global Average Bunker Price | 626.50 | 0.00 | 804.50 | 0.50 |
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