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Bunker prices mostly declined at ports around the world on Thursday, with global average VLSFO prices falling for a fourth consecutive day.
Ship & Bunker‘s G20-VLSFO Index of prices across 20 leading bunkering ports fell by $1.50/mt to $556/mt on Thursday, remaining at its lowest level since June 12.
The G20-HSFO Index rose by $3.50/mt to $478/mt, while the G20-MGO Index sank by $6.50/mt to $755/mt.
ICE Brent crude futures advanced by $0.05/bl to $67.73/bl on Thursday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $2/mt to $520/mt, at Rotterdam they slipped by $6.50/mt to $490.50/mt, at Fujairah they sank by $1.50/mt to $513.50/mt, and at Houston they rallied by $0.50/mt to $480/mt.
On Friday morning Brent crude futures were trading up by $0.35/bl from the previous session’s close at $68.08/bl as of 5:14 AM in London. In metric tonne terms that would be equivalent to a $2.64/mt rise in bunker prices.