World News
BUNKER PRICES: G20-VLSFO Index Drops for Fourth Day
Bunker fuel prices dropped at ports around the world on Thursday, with global average VLSFO prices sinking for a fourth consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $3.50/mt to $555.50/mt on Thursday, reaching its lowest level since September 2021.
The G20-HSFO Index dropped by $1/mt to $492/mt, while the G20-MGO Index sank by $5/mt to $752.50/mt.
ICE Brent crude futures advanced by $0.16/bl to $69.46/bl on Thursday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $6/mt to $507/mt, at Rotterdam they lost $6/mt to $500.50/mt, at Fujairah they advanced by $3.50/mt to $517.50/mt, and at Houston they sank by $11/mt to $515/mt.
On Friday morning Brent futures were trading up by $0.77/bl from the previous session's close at $70.23/bl as of 9:00 AM in London. In metric tonne terms that would be equivalent to a $5.80/mt rise on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 502.00 | 7.00 | 617.00 | 6.00 |
| Rotterdam | 455.00 | 8.00 | 619.50 | 4.00 |
| Houston | 467.00 | 4.50 | 625.00 | 2.50 |
| Fujairah | 495.00 | 6.00 | 712.50 | 1.50 |
| Global 20 Ports Average | 524.50 | 4.50 | 710.50 | 4.00 |
| Global 4 Ports Average | 479.50 | 6.50 | 643.50 | 3.50 |
| Global Average Bunker Price | 570.50 | 2.00 | 747.50 | 5.50 |
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