Bunker prices mostly declined at ports around the world on Friday, with global average VLSFO prices dropping to their lowest level in four and a half years.
Ship & Bunker’s G20-VLSFO Index of prices across 20 leading bunkering ports fell by $/mt to $/mt on Friday, reaching its lowest level since May 2021.
The G20-HSFO Index declined by $/mt to $/mt, while the G20-MGO Index dropped by $6/mt to $/mt.
ICE Brent crude futures advanced by $/bl to $/bl on Friday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $7/mt to $/mt, at Rotterdam they lost $5/mt to $/mt, at Fujairah they sank by $7/mt to $/mt, and at Houston they rose by $3/mt to $/mt.
On Monday morning Brent crude futures were trading up by $/bl from the previous session’s close at $/bl as of 6:09 AM in London. In metric tonne terms that would be equivalent to a $/mt rise in bunker prices.
