World News
BUNKER PRICES: G20-VLSFO Index Declines Despite Rise in Crude
Bunker prices mostly declined at ports around the world on Friday, with global average VLSFO prices slipping despite a small rise in crude futures.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $1.50/mt to $527.50/mt on Friday, paring the previous day's $2/mt gain.
The G20-HSFO Index fell by $3/mt to $443/mt, while the G20-MGO Index rose by $1/mt to $744/mt.
ICE Brent crude futures advanced by $0.06/bl to $67.73/bl on Friday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices rose by $1/mt to $498.50/mt, at Rotterdam they sank by $8/mt to $471.50/mt, at Fujairah they climbed by $0.50/mt to $493/mt, and at Houston they advanced by $1/mt to $488.50/mt.
On Monday morning Brent crude futures were trading up by $0.02/bl from the previous session's close at $67.75/bl as of 6:24 AM in London. In metric tonne terms that would be equivalent to a $0.15/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 498.50 | 1.00 | 653.00 | 3.00 |
| Rotterdam | 471.50 | 8.00 | 646.00 | 4.50 |
| Houston | 488.50 | 1.00 | 663.00 | 2.00 |
| Fujairah | 493.00 | 0.50 | 728.00 | 3.00 |
| Global 20 Ports Average | 527.50 | 1.50 | 744.00 | 1.00 |
| Global 4 Ports Average | 488.00 | 1.00 | 672.50 | 1.00 |
| Global Average Bunker Price | 569.50 | 0.50 | 791.00 | 5.00 |
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