World News
BUNKER PRICES: G20-VLSFO Index Declines With Crude
Bunker prices mostly declined at ports around the world on Friday, with global average VLSFO prices resuming a downward trend, following crude futures lower.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $0.50/mt to $548/mt on Friday, paring the previous day's $1.50/mt gain.
The G20-HSFO Index fell by $1/mt to $466/mt, while the G20-MGO Index dropped by $1/mt to $772/mt.
ICE Brent crude futures fell by $0.74/bl to $68.44/bl on Friday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices rose by $1/mt to $518/mt, at Rotterdam they declined by $2/mt to $508/mt, at Fujairah they jumped by $1/mt to $510/mt, and at Houston they climbed by $0.50/mt to $499.50/mt.
On Monday morning Brent crude futures were trading up by $0.34/bl from the previous session's close at $68.78/bl as of 5:40 AM in London. In metric tonne terms that would be equivalent to a $2.56/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 518.00 | 1.00 | 693.50 | 3.50 |
| Rotterdam | 508.00 | 2.00 | 721.00 | 4.00 |
| Houston | 499.50 | 0.50 | 705.50 | 2.50 |
| Fujairah | 510.00 | 1.00 | 745.00 | 1.50 |
| Global 20 Ports Average | 548.00 | 0.50 | 772.00 | 1.00 |
| Global 4 Ports Average | 509.00 | 0.50 | 716.50 | 1.00 |
| Global Average Bunker Price | 584.50 | 1.00 | 819.00 | 1.00 |
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