World News
BUNKER PRICES: G20-VLSFO Index Slips for First in Four Sessions
Bunker fuel prices fell at most ports on Wednesday, with global average VLSFO prices slipping for the first in four consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $2/mt to $672.50/mt on Wednesday, in its first daily decline since November 9. The G20-HSFO Index rose by $2.50/mt to $522/mt, while the G20-MGO Index jumped by $4/mt to $898.50/mt.
ICE Brent crude futures declined by $1.16/bl to $81.05/bl on Wednesday.
VLSFO prices at the top ports mostly followed a negative trend. At Singapore prices fell by $1.50/mt to $692.50/mt, at Rotterdam they gained $3/mt to $590/mt, at Fujairah they declined by $7.50/mt to $678/mt, and at Houston they sank by $9.50/mt to $574/mt.
On Thursday morning Brent crude futures were trading down by $0.25/bl at $80.80/bl as of 6:50 AM in London. In metric tonne terms that would be equivalent to a $1.88/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 611.00 | 1.50 | 730.00 | 7.00 |
| Rotterdam | 557.50 | 1.00 | 718.50 | 2.00 |
| Houston | 576.00 | 1.00 | 750.50 | 2.50 |
| Fujairah | 608.50 | 2.50 | 829.00 | 2.00 |
| Global 20 Ports Average | 624.50 | 2.50 | 817.50 | 3.00 |
| Global 4 Ports Average | 588.50 | 0.50 | 757.00 | 2.50 |
| Global Average Bunker Price | 678.50 | 3.50 | 883.50 | 2.00 |
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