World News
BUNKER PRICES: G20-VLSFO Index Drops to One-Week Low
Bunker fuel prices declined at most ports on Wednesday, with global average VLSFO prices slipping to the lowest level in almost a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $1/mt to $623.50/mt on Wednesday, reaching the lowest level since January 11. The G20-HSFO Index dropped by $1/mt to $494/mt, while the G20-MGO Index rose by $3/mt to $849/mt.
ICE Brent crude futures fell by $0.41/bl to $77.88/bl on Wednesday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices rose by $7/mt to $599.50/mt, at Rotterdam they lost $5.50/mt to $536.50/mt, at Fujairah they rallied by $3.50/mt to $598/mt, and at Houston they declined by $4.50/mt to $581/mt.
On Thursday morning Brent crude futures were trading up by $0.46/bl at $78.34/bl as of 6:45 AM in London. In metric tonne terms that would be equivalent to a $3.46/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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