World News
BUNKER PRICES: G20-VLSFO Index Drops for Third Session
Bunker fuel prices slipped at most ports on Friday, with global average VLSFO prices dropping for a third consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $0.50/mt to $665/mt on Friday, remaining at the lowest level since March 28. The G20-HSFO Index slipped by $0.50/mt to $543/mt, while the G20-MGO Index dropped by $6.50/mt to $864/mt.
ICE Brent crude futures rose by $0.18/bl to $87.29/bl on Friday.
VLSFO prices at the top ports mostly followed a negative trend. At Singapore prices declined by $2/mt to $645/mt, at Rotterdam they fell by $8/mt to $600/mt, at Fujairah they were little changed at $649.50/mt, and at Houston they sank by $9/mt to $627.50/mt.
On Monday morning Brent futures were trading down by $0.97/bl from the previous session's close at $86.32/bl as of 7:18 AM in London. In metric tonne terms that would be equivalent to a $7.30/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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