World News
BUNKER PRICES: G20-VLSFO Index Drops to One-Week Low
Bunker fuel prices declined at most ports on Thursday, with global average VLSFO prices dropping to the lowest level in week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $9/mt to $597.50/mt on Thursday, reaching the lowest level since September 19.
The G20-HSFO Index dropped by $14.50/mt to $469/mt, while the G20-MGO Index slipped by $8/mt to $728.50/mt.
ICE Brent crude futures sank by $1.86/bl to $71.60/bl on Thursday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices lost $15/mt to $591.50/mt, at Rotterdam they fell by $11/mt to $525/mt, at Fujairah they slipped by $13/mt to $577.50/mt, and at Houston they declined by $15.50/mt to $505.50/mt.
On Friday morning Brent futures were trading down by $0.11/bl from the previous session's close at $71.49/bl as of 6:11 AM in London. In metric tonne terms that would be equivalent to a $0.83/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 579.00 | 12.50 | 633.00 | 0.00 |
| Rotterdam | 520.50 | 4.50 | 619.50 | 9.00 |
| Houston | 507.00 | 1.50 | 636.50 | 2.00 |
| Fujairah | 567.50 | 10.00 | 763.50 | 5.00 |
| Global 20 Ports Average | 591.00 | 6.50 | 726.00 | 2.50 |
| Global 4 Ports Average | 543.50 | 7.00 | 663.00 | 3.50 |
| Global Average Bunker Price | 635.50 | 8.00 | 803.50 | 2.50 |
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