World News
BUNKER PRICES: G20-VLSFO Index Drops to Two-Week Low
Bunker fuel prices slipped at most ports on Wednesday, with global average VLSFO prices dropping to the lowest level in almost two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $1.50/mt to $664.50/mt on Wednesday, reaching the lowest level since March 14. The G20-HSFO Index declined by $2/mt to $527.50/mt, while the G20-MGO Index lost $2/mt to $883.50/mt.
ICE Brent crude futures slipped by $0.16/bl to $86.09/bl on Wednesday.
VLSFO prices at the top ports mostly followed a negative trend. At Singapore prices lost $5.50/mt to $640.50/mt, at Rotterdam they declined by $4/mt to $597/mt, at Fujairah they slipped by $0.50/mt to $644.50/mt, and at Houston they were little changed at $652.50/mt.
On Thursday morning Brent futures were up by $0.43/bl from the previous session's close at $86.52/bl as of 8:45 AM in London. In metric tonne terms that would equate to a $3.24/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.00 | 0.50 | 775.00 | 3.50 |
| Rotterdam | 603.50 | 1.50 | 759.50 | 11.50 |
| Houston | 626.50 | 2.50 | 794.00 | 2.00 |
| Fujairah | 649.00 | 0.50 | 904.50 | 6.50 |
| Global 20 Ports Average | 664.00 | 2.00 | 855.00 | 0.00 |
| Global 4 Ports Average | 632.00 | 1.00 | 808.00 | 4.00 |
| Global Average Bunker Price | 716.50 | 1.00 | 901.00 | 12.50 |
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