World News
BUNKER PRICES: G20-VLSFO Index Slips for First in Six Sessions
Bunker fuel prices fell at most ports on Wednesday, with global average VLSFO prices slipping for the first in six consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $2/mt to $622.50/mt on Wednesday, in its first daily decline since August 6.
The G20-HSFO Index fell by $2/mt to $518.50/mt, while the G20-MGO Index rose by $0.50/mt to $794/mt.
ICE Brent crude futures sank by $0.93/bl to $79.76/bl on Wednesday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices lost $8.50/mt to $611/mt, at Rotterdam they fell by $0.50/mt to $556/mt, at Fujairah they declined by $5.50/mt to $606.50/mt, and at Houston they slipped by $4/mt to $567/mt.
On Thursday morning Brent futures were trading up by $0.06/bl from the previous session's close at $79.82/bl as of 6:54 AM in London. In metric tonne terms that would be equivalent to a $0.45/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 569.50 | 0.00 | 680.00 | 0.00 |
| Rotterdam | 515.00 | 1.00 | 674.00 | 2.00 |
| Houston | 550.00 | 2.50 | 678.00 | 6.50 |
| Fujairah | 560.50 | 0.50 | 753.50 | 2.50 |
| Global 20 Ports Average | 586.00 | 0.00 | 761.00 | 2.00 |
| Global 4 Ports Average | 549.00 | 1.00 | 696.50 | 2.00 |
| Global Average Bunker Price | 634.50 | 1.00 | 800.50 | 2.00 |
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