World News
BUNKER PRICES: G20-VLSFO Index Drops to Four-Month Low
Bunker prices mostly declined at ports around the world on Friday, with global average VLSFO prices slipping to their lowest level in almost four months.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $5/mt to $525.50/mt on Friday, reaching its lowest level since May 8.
The G20-HSFO Index fell by $7/mt to $438.50/mt, while the G20-MGO Index was little changed at $755/mt.
ICE Brent crude futures sank by $1.49/bl to $65.50/bl on Friday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices fell by $5/mt to $492.50/mt, at Rotterdam they declined by $0.50/mt to $470/mt, at Fujairah they sank by $5/mt to $492/mt, and at Houston they dropped by $14/mt to $478.50/mt.
On Monday morning Brent crude futures were trading up by $0.79/bl from the previous session's close at $66.28/bl as of 6:12 AM in London. In metric tonne terms that would be equivalent to a $5.95/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 488.00 | 4.50 | 668.00 | 5.50 |
| Rotterdam | 468.00 | 2.00 | 677.00 | 4.50 |
| Houston | 481.00 | 2.50 | 659.00 | 13.00 |
| Fujairah | 484.50 | 7.50 | 732.50 | 4.00 |
| Global 20 Ports Average | 525.50 | 5.00 | 755.00 | 0.00 |
| Global 4 Ports Average | 482.50 | 7.00 | 681.50 | 7.00 |
| Global Average Bunker Price | 563.00 | 5.50 | 799.00 | 2.00 |
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