World News
BUNKER PRICES: G20-VLSFO Index Drops to Three-Week Low
Bunker fuel prices slipped at most ports on Thursday, with average global VLSFO prices falling to the lowest level in three weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $16.50/mt to $618/mt on Thursday, reaching the lowest level since March 31. The G20-HSFO Index sank by $8.50/mt to $510.50/mt, while the G20-MGO Index dropped by $16.50/mt to $847/mt.
ICE Brent crude futures lost $2.02/bl to $81.10/bl on Thursday.
VLSFO prices at the top ports had a negative trend. At Singapore prices fell by $18.50/mt to $598/mt, at Rotterdam they declined by $22.50/mt to $558/mt, at Fujairah they dropped by $15/mt to $595/mt and at Houston they sank by $13/mt to $587.50/mt.
On Friday morning Brent crude futures were trading down by $0.13/bl at $80.97/bl as of 6:45 AM in London. In metric tonne terms that would be equivalent to a $0.98/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 634.00 | 10.50 | 747.00 | 35.00 |
| Rotterdam | 574.00 | 16.00 | 738.50 | 12.00 |
| Houston | 595.50 | 13.00 | 762.50 | 14.50 |
| Fujairah | 624.50 | 18.50 | 867.50 | 24.00 |
| Global 20 Ports Average | 645.00 | 13.50 | 832.00 | 16.50 |
| Global 4 Ports Average | 607.00 | 14.50 | 779.00 | 21.50 |
| Global Average Bunker Price | 707.50 | 5.50 | 892.00 | 2.00 |
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