World News
BUNKER PRICES: G20-VLSFO Index Drops to Seven-Day Low
Bunker fuel prices declined at most ports on Friday, with global average VLSFO prices dropping to the lowest level in seven trading sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $2.50/mt to $572/mt on Friday, reaching its lowest level since December 11.
The G20-HSFO Index slipped by $0.50/mt to $507.50/mt, while the G20-MGO Index fell by $2.50/mt to $758/mt.
ICE Brent crude futures advanced by $0.06/bl to $72.94/bl on Friday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices gained $0.50/mt to $548/mt, at Rotterdam they slipped by $0.50/mt to $513/mt, at Fujairah they fell by $2.50/mt to $541.50/mt, and at Houston they slipped by $2.50/mt to $544.50/mt.
On Monday morning Brent futures were trading up by $0.32/bl from the previous session's close at $73.26/bl as of 6:48 AM in London. In metric tonne terms that would be equivalent to a $2.41/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 548.00 | 0.50 | 677.50 | 2.00 |
| Rotterdam | 513.00 | 0.50 | 649.00 | 3.00 |
| Houston | 544.50 | 2.50 | 675.00 | 4.00 |
| Fujairah | 541.50 | 2.50 | 744.00 | 3.50 |
| Global 20 Ports Average | 572.00 | 2.50 | 758.00 | 2.50 |
| Global 4 Ports Average | 536.50 | 1.50 | 686.50 | 3.00 |
| Global Average Bunker Price | 624.00 | 2.50 | 801.00 | 3.50 |
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