Bunker prices mostly fell at ports around the world on Friday, with global average VLSFO prices dropping to its lowest level in four and a half years.
Ship & Bunker’s G20-VLSFO Index of prices across 20 leading bunkering ports lost $/mt to $/mt on Friday, reaching its lowest level since February 2021.
The G20-HSFO Index slipped by $/mt to $/mt, while the G20-MGO Index declined by $17/mt to $/mt.
ICE Brent crude futures slipped by $/bl to $/bl on Friday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $/mt to $/mt, at Rotterdam they lost $/mt to $/mt, at Fujairah they declined by $9/mt to $/mt, and at Houston they jumped by $2/mt to $/mt.
On Monday morning Brent crude futures were trading up by $/bl from the previous session’s close at $/bl as of 6:17 AM in London. In metric tonne terms that would be equivalent to a $/mt rise in bunker prices.
