World News
BUNKER PRICES: G20-VLSFO Index Sinks to Five-Week Low
Bunker prices mostly declined at ports around the world on Thursday, with global average VLSFO prices dropping to its lowest level in five weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $3.50/mt to $517.50/mt on Thursday, reaching its lowest level since May 6.
The G20-HSFO Index rose by $1/mt to $438.50/mt, while the G20-MGO Index slipped by $1.50/mt to $760/mt.
ICE Brent crude futures dropped by $1.12/bl to $66.37/bl on Thursday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices fell by $5.50/mt to $482/mt, at Rotterdam they declined by $0.50/mt to $463.50/mt, at Fujairah they slipped by $2.50/mt to $483.50/mt, and at Houston they dropped by $9/mt to $478/mt.
On Friday morning Brent crude futures were trading down by $0.46/bl from the previous session's close at $65.91/bl as of 6:23 AM in London. In metric tonne terms that would be equivalent to a $3.46/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 482.00 | 5.50 | 672.50 | 1.00 |
| Rotterdam | 463.50 | 0.50 | 671.00 | 0.00 |
| Houston | 478.00 | 9.00 | 674.00 | 5.00 |
| Fujairah | 483.50 | 2.50 | 733.50 | 3.50 |
| Global 20 Ports Average | 517.50 | 3.50 | 760.00 | 1.50 |
| Global 4 Ports Average | 477.00 | 4.00 | 687.50 | 0.50 |
| Global Average Bunker Price | 560.50 | 1.50 | 803.50 | 1.00 |
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