World News
BUNKER PRICES: G20-VLSFO Index Declines for First Day in Four
Bunker fuel prices fell at most ports on Friday, with global average VLSFO prices dropping for the first in four consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $2.50/mt to $606.50/mt on Friday, having reached the highest level since October 14 the previous day.
The G20-HSFO Index sank by $2/mt to $520/mt, while the G20-MGO Index slipped by $1/mt to $750/mt.
ICE Brent crude futures jumped by $1.67/bl to $76.05/bl on Friday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices lost $3/mt to $608.50/mt, at Rotterdam they fell by $3/mt to $541/mt, at Fujairah they sank by $8/mt to $587.50/mt, and at Houston they slipped by $1.50/mt to $539/mt.
On Monday morning Brent futures were trading down by $3.13/bl from the previous session's close at $72.92/bl as of 6:34 AM in London. In metric tonne terms that would be equivalent to a $23.57/mt drop in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 569.50 | 6.50 | 680.00 | 10.50 |
| Rotterdam | 514.00 | 2.50 | 676.00 | 7.50 |
| Houston | 547.50 | 0.00 | 671.50 | 1.50 |
| Fujairah | 561.00 | 0.50 | 751.00 | 1.50 |
| Global 20 Ports Average | 586.00 | 0.00 | 759.00 | 0.00 |
| Global 4 Ports Average | 548.00 | 2.00 | 694.50 | 5.00 |
| Global Average Bunker Price | 633.50 | 1.00 | 798.50 | 0.50 |
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