World News
BUNKER PRICES: G20-VLSFO Index Slips for Second Day
Bunker fuel prices declined at most ports on Tuesday, with global average VLSFO prices falling for a second day despite rising crude futures.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $0.50/mt to $590.50/mt on Tuesday, adding to the previous session's $2/mt fall of the same size.
The G20-HSFO Index rose by $1.50mt to $483/mt, while the G20-MGO Index slipped by $2/mt to $728.50/mt.
ICE Brent crude futures jumped by $0.95/bl to $73.70/bl on Tuesday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices gained $9/mt to $587/mt, at Rotterdam they rose by $1.50/mt to $507.50/mt, at Fujairah they jumped by $1/mt to $574.50/mt, and at Houston they advanced by $9.50/mt to $513.50/mt.
On Wednesday morning Brent futures were trading down by $0.55/bl from the previous session's close at $73.15/bl as of 6:36 AM in London. In metric tonne terms that would be equivalent to a $4.14/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 581.50 | 5.50 | 623.00 | 1.50 |
| Rotterdam | 507.00 | 0.50 | 613.50 | 2.50 |
| Houston | 516.00 | 2.50 | 648.50 | 6.50 |
| Fujairah | 572.00 | 2.50 | 776.50 | 2.00 |
| Global 20 Ports Average | 588.50 | 2.00 | 730.00 | 1.50 |
| Global 4 Ports Average | 544.00 | 1.50 | 665.50 | 3.00 |
| Global Average Bunker Price | 633.50 | 1.50 | 802.00 | 0.50 |
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