World News
BUNKER PRICES: G20-VLSFO Index Drops for Third Session
Bunker fuel prices declined at most ports on Tuesday, with global average VLSFO prices dropping for a third consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $1.50/mt to $656.50/mt on Tuesday, reaching the lowest level since February 26. The G20-HSFO Index rose by $0.50/mt to $511.50/mt, while the G20-MGO Index dropped by $2.50/mt to $875.50/mt.
ICE Brent crude futures fell by $0.29/bl to $81.92/bl on Tuesday.
VLSFO prices at the top ports followed a positive trend. At Singapore prices gained $6/mt to $638.50/mt, at Rotterdam they advanced by $1/mt to $586.50/mt, at Fujairah they climbed by $2/mt to $639/mt, and at Houston they jumped by $0.50/mt to $637/mt.
On Wednesday morning Brent futures were up by $0.27/bl from the previous session's close at $82.19/bl as of 8:01 AM in London. In metric tonne terms that would equate to a $2.03/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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