World News
BUNKER PRICES: G20-VLSFO Index Drops to 20-Month Low
Bunker fuel prices continued to drop at most ports on Thursday, with average global VLSFO prices dropping to the lowest level in almost 20 months.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports slumped by $14/mt to $572/mt on Thursday, reaching the lowest level since September 23, 2021. The G20-HSFO Index lost $7/mt to $477/mt, while the G20-MGO Index sank by $14.50/mt to $765.50/mt.
ICE Brent crude futures gained $0.17/bl to $72.50/bl on Thursday.
VLSFO prices at the top ports had a negative trend. At Singapore prices declined by $13.50/mt to $563.50/mt, at Rotterdam they dropped by $10.50/mt to $517.50/mt, at Fujairah they lost $14/mt to $555/mt and at Houston they slipped by $9.50/mt to $519/mt.
On Friday morning Brent crude futures were trading up by $1.05/bl at $73.55/bl as of 9:43 AM in London. In metric tonne terms that would be equivalent to a $7.91/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.50 | 1.00 | 770.00 | 3.50 |
| Rotterdam | 601.50 | 2.50 | 754.00 | 2.00 |
| Houston | 619.00 | 11.50 | 795.50 | 3.00 |
| Fujairah | 651.50 | 1.00 | 895.00 | 2.00 |
| Global 20 Ports Average | 664.00 | 1.50 | 856.50 | 2.00 |
| Global 4 Ports Average | 630.00 | 3.00 | 803.50 | 2.50 |
| Global Average Bunker Price | 718.00 | 0.50 | 914.50 | 0.50 |
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