World News
BUNKER PRICES: G20-VLSFO Index Drops to Three-Week Low
Bunker fuel prices fell at most ports on Friday, with global average VLSFO prices declining to the lowest level in almost three weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $2.50/mt to $602.50/mt on Friday, reaching the lowest level since October 1.
The G20-HSFO Index fell by $0.50/mt to $500/mt, while the G20-MGO Index sank by $2/mt to $742/mt.
ICE Brent crude futures dropped by $1.39/bl to $73.06/bl on Friday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices gained $3/mt to $592.50/mt, at Rotterdam they declined by $5/mt to $547.50/mt, at Fujairah they jumped by $1.50/mt to $580/mt, and at Houston they lost $4/mt to $533.50/mt.
On Monday morning Brent futures were trading up by $0.33/bl from the previous session's close at $73.39/bl as of 7:51 AM in London. In metric tonne terms that would be equivalent to a $2.48/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 589.00 | 3.50 | 656.50 | 1.50 |
| Rotterdam | 547.50 | 0.00 | 647.00 | 1.00 |
| Houston | 534.00 | 0.50 | 655.00 | 2.00 |
| Fujairah | 576.00 | 4.00 | 755.50 | 4.50 |
| Global 20 Ports Average | 602.00 | 0.50 | 744.50 | 2.50 |
| Global 4 Ports Average | 561.50 | 2.00 | 678.50 | 1.50 |
| Global Average Bunker Price | 645.00 | 2.50 | 807.50 | 1.50 |
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