World News
BUNKER PRICES: G20-VLSFO Index Drops to One-Week Low
Bunker prices mostly fell at ports around the world on Thursday, with global average VLSFO prices slipping to their lowest level in a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports sank by $2/mt to $491/mt on Thursday, reaching its lowest level since October 22.
The G20-HSFO Index fell by $1.50/mt to $437.50/mt, while the G20-MGO Index advanced by $3.50/mt to $777/mt.
ICE Brent crude futures jumped by $0.08/bl to $65.00/bl on Thursday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices rose by $2.50/mt to $460/mt, at Rotterdam they advanced by $9/mt to $436.50/mt, at Fujairah they climbed by $0.50/mt to $454/mt, and at Houston they were little changed at $442/mt.
On Friday morning Brent crude futures were trading down by $0.02/bl from the previous session's close at $64.98/bl as of 7:55 AM in London. In metric tonne terms that would be equivalent to a $0.15/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 460.00 | 2.50 | 729.00 | 1.00 |
| Rotterdam | 436.50 | 9.00 | 705.50 | 16.50 |
| Houston | 442.00 | 0.00 | 672.50 | 1.00 |
| Fujairah | 454.00 | 0.50 | 741.50 | 6.00 |
| Global 20 Ports Average | 491.00 | 2.00 | 777.00 | 3.50 |
| Global 4 Ports Average | 448.00 | 3.00 | 712.00 | 2.50 |
| Global Average Bunker Price | 537.50 | 0.50 | 812.50 | 4.00 |
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