World News
BUNKER PRICES: G20-VLSFO Index Drops to One-Week Low
Bunker prices mostly declined 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 lost $5.50/mt to $530.50/mt on Thursday, reaching its lowest level since August 28.
The G20-HSFO Index fell by $3/mt to $445.50/mt, while the G20-MGO Index sank by $2.50/mt to $755/mt.
ICE Brent crude futures sank by $0.61/bl to $66.99/bl on Thursday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices fell by $11.50/mt to $497.50/mt, at Rotterdam they declined by $8.50/mt to $470.50/mt, at Fujairah they sank by $11/mt to $497/mt, and at Houston they dropped by $5.50/mt to $492.50/mt.
On Friday morning Brent crude futures were trading down by $0.14/bl from the previous session's close at $66.85/bl as of 6:13 AM in London. In metric tonne terms that would be equivalent to a $1.05/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 492.00 | 5.50 | 675.00 | 1.50 |
| Rotterdam | 468.50 | 2.00 | 675.00 | 2.50 |
| Houston | 468.00 | 24.50 | 672.00 | 6.50 |
| Fujairah | 492.50 | 4.50 | 735.00 | 1.50 |
| Global 20 Ports Average | 530.50 | 5.50 | 755.00 | 2.50 |
| Global 4 Ports Average | 489.50 | 9.00 | 688.50 | 3.50 |
| Global Average Bunker Price | 568.50 | 3.50 | 801.00 | 0.50 |
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