World News
BUNKER PRICES: G20-VLSFO Index Drops to Two-Week Low
Bunker fuel prices sank at most ports on Thursday, with global VLSFO prices declining to the lowest level in almost two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $6.50/mt to $636.50/mt on Thursday, reaching the lowest level since February 24. The G20-HSFO Index rallied by $1.50/mt to $477.50/mt, while the G20-MGO Index declined by $8/mt to $905/mt.
ICE Brent crude futures lost $1.07/bl to $81.59/bl on Thursday.
VLSFO prices at the top ports mostly followed a negative trend. At Singapore prices fell by $9/mt to $602/mt, at Rotterdam they dropped by $1.50/mt to $578.50/mt, at Fujairah they declined by $9/mt to $599.50/mt and at Houston they slipped by $5/mt to $629/mt.
On Friday morning Brent futures were trading down by $0.40/bl at $81.19/bl as of 9:44 AM in London. In metric tonner terms that would amount to a $3.01/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.50 | 1.00 | 770.00 | 3.50 |
| Rotterdam | 601.50 | 2.50 | 754.00 | 2.00 |
| Houston | 619.00 | 11.50 | 795.50 | 3.00 |
| Fujairah | 651.50 | 1.00 | 895.00 | 2.00 |
| Global 20 Ports Average | 664.00 | 1.50 | 856.50 | 2.00 |
| Global 4 Ports Average | 630.00 | 3.00 | 803.50 | 2.50 |
| Global Average Bunker Price | 718.00 | 0.50 | 914.50 | 0.50 |
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