Bunker prices mostly declined at ports worldwide on Friday, pushing the global average price of Very Low Sulfur Fuel Oil (VLSFO) to its lowest level in four and a half years.
Ship & Bunker’s G20-VLSFO Index, which tracks prices across 20 leading bunkering ports, fell by $7.50 per metric ton to $506 per metric ton, the lowest since April 2021.
The G20-HSFO Index decreased by $5 per metric ton to $445 per metric ton, and the G20-MGO Index slipped by $4.50 per metric ton to $757 per metric ton.
ICE Brent crude futures declined by $2.49 per barrel to $62.73 per barrel on Friday. Among the four major ports, VLSFO prices fell in Singapore by $8 per metric ton to $470 per metric ton, in Rotterdam by $7 per metric ton to $443 per metric ton, in Fujairah by $7 per metric ton to $474 per metric ton, and in Houston by $7.50 per metric ton to $452.50 per metric ton.
Ship & Bunker is a marine fuel pricing and industry information service operating globally. It provides data and analytical tools for shipping and energy market participants, maintaining benchmark indices for bunker fuel prices.
Intercontinental Exchange (ICE) is a U.S.-based publicly traded financial services company that owns and operates exchanges, clearing houses, and data platforms worldwide. It is the parent company of ICE Futures Europe, where the Brent crude futures contract is traded.
