World News
BUNKER PRICES: G20-VLSFO Index Drops for Fifth Session
Bunker prices mostly sank at ports around the world on Thursday, with global average VLSFO prices dropping for a fifth consecutive trading session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports sank by $1/mt to $489/mt on Thursday, remaining at its lowest level since February 2021.
The G20-HSFO Index was little changed at $433.50/mt, while the G20-MGO Index lost $1.50/mt to $740.50/mt.
ICE Brent crude futures dropped by $0.85/bl to $61.06/bl on Thursday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices rose by $1.50/mt to $451/mt, at Rotterdam they declined by $2/mt to $428/mt, at Fujairah they sank by $0.50/mt to $446/mt, and at Houston they dropped by $2.50/mt to $437/mt.
On Friday morning Brent crude futures were trading down by $0.19/bl from the previous session's close at $60.87/bl as of 6:05 AM in London. In metric tonne terms that would be equivalent to a $1.43/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 443.00 | 8.00 | 656.50 | 5.00 |
| Rotterdam | 424.00 | 4.00 | 639.50 | 10.00 |
| Houston | 431.00 | 6.00 | 629.50 | 9.00 |
| Fujairah | 437.00 | 9.00 | 720.50 | 1.50 |
| Global 20 Ports Average | 483.00 | 6.00 | 733.00 | 7.50 |
| Global 4 Ports Average | 434.00 | 6.50 | 661.50 | 6.50 |
| Global Average Bunker Price | 529.00 | 2.50 | 774.00 | 5.00 |
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