World News
BUNKER PRICES: G20-VLSFO Index Sinks for Fourth Session
Bunker fuel prices sank at most ports on Wednesday, with global average VLSFO prices dropping for a fourth consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $4.50/mt to $639.50/mt on Wednesday, reaching the lowest level since July 31. The G20-HSFO Index fell by $4/mt to $512/mt, while the G20-MGO Index dropped by $0.50/mt to $859/mt.
ICE Brent crude futures sank by $2.90/bl to $74.30/bl on Wednesday.
VLSFO prices at the top ports followed a negative trend. At Singapore prices fell by $6/mt to $637.50/mt, at Rotterdam they lost $6.50/mt to $556/mt, at Fujairah they slipped by $7/mt to $616/mt, and at Houston they sank by $11.50/mt to $557/mt.
On Thursday morning Brent crude futures were trading up by $0.59/bl at $74.89/bl as of 8:43 AM in London. In metric tonne terms that would be equivalent to a $4.44/mt rise 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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