On a global basis VLSFO fell by US$8/tonne and MGO by US$9.99/tonne, but regionally Southern Europe saw a significant decline in the blended low sulphur fuel of US$13.25 and US$20.75 for the distillate. North America also saw falls of US$15.50 and US$17.50 for VLSFO and MGO respectively. Central America and North Europe were the only regions to remain stable in VLSFO and MGO, respectively.
By Comparison the largest regional fall for 380 HFO was US$15/tonne for Africa and Middle East. On the other hand, North Europe was the only region to record a gain for 380 HFO (US$2.25), while the overall, globally, was decline US$5.59.