World News
BUNKER PRICES: G20-VLSFO Index Drops for First in Three Sessions
Bunker fuel prices declined at most ports on Friday, with global average VLSFO prices dropping for the first in three sessions amid a sharp decline in crude markets.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $4/mt to $621/mt on Friday, having reached the highest level since July 23 the previous day.
The G20-HSFO Index slipped by $3.50/mt to $528.50/mt, while the G20-MGO Index fell by $6/mt to $802.50/mt.
ICE Brent crude futures fell by $2.71/bl to $76.81/bl on Friday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices lost $1/mt to $617.50/mt, at Rotterdam they fell by $4/mt to $559/mt, at Fujairah they declined by $6.50/mt to $602.50/mt, and at Houston they sank by $13.50/mt to $561.50/mt.
On Monday morning Brent futures were trading down by $0.28/bl from the previous session's close at $76.53/bl as of 8:31 AM in London. In metric tonne terms that would be equivalent to a $2.11/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 591.50 | 10.00 | 630.00 | 7.00 |
| Rotterdam | 515.00 | 8.00 | 624.50 | 11.00 |
| Houston | 515.00 | 1.00 | 651.50 | 3.00 |
| Fujairah | 576.00 | 4.00 | 779.00 | 2.50 |
| Global 20 Ports Average | 589.50 | 1.00 | 733.00 | 3.00 |
| Global 4 Ports Average | 549.50 | 5.50 | 671.50 | 6.00 |
| Global Average Bunker Price | 635.00 | 1.50 | 806.50 | 4.50 |
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