World News
BUNKER PRICES: G20-VLSFO Index Declines for First Session in Four
Bunker fuel prices slipped at most ports on Wednesday, with average global VLSFO prices declining for the first in four sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $1/mt to $635.50/mt on Wednesday, its first daily fall since March 30. The G20-HSFO Index rose by $3/mt to $516/mt, while the G20-MGO Index sank by $6/mt to $891/mt.
ICE Brent crude futures gained $0.05/bl to $84.99/bl on Wednesday.
VLSFO prices at the top ports mostly had a negative trend. At Singapore prices were little changed at $606/mtl at Rotterdam they were little changed at $588/mt, at Fujairah they slipped by $1/mt to $601/mt and at Houston they declined by $4/mt to $607.50/mt.
On Thursday morning Brent futures were trading down by $0.53/bl at $84.46/bl as of 9:46 AM in London. In metric tonne terms that would amount to a $3.99/mt fall 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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