World News
BUNKER PRICES: G20-VLSFO Index Drops to Two-Week Low
Bunker prices mostly declined at ports around the world on Wednesday, with global average VLSFO prices falling to its lowest level in almost two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $5/mt to $557.50/mt on Wednesday, reaching its lowest level since June 12.
The G20-HSFO Index fell by $3/mt to $474.50/mt, while the G20-MGO Index sank by $7.50/mt to $761.50/mt.
ICE Brent crude futures rallied by $0.54/bl to $67.68/bl on Wednesday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $8/mt to $522/mt, at Rotterdam they rose by $8/mt to $497/mt, at Fujairah they sank by $3/mt to $515/mt, and at Houston they dropped by $31.50/mt to $479.50/mt.
On Thursday morning Brent crude futures were trading up by $0.27/bl from the previous session's close at $67.95/bl as of 5:36 AM in London. In metric tonne terms that would be equivalent to a $2.03/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 522.00 | 8.00 | 660.50 | 2.50 |
| Rotterdam | 497.00 | 8.00 | 684.50 | 20.50 |
| Houston | 479.50 | 31.50 | 679.00 | 12.00 |
| Fujairah | 515.00 | 3.00 | 723.50 | 5.50 |
| Global 20 Ports Average | 557.50 | 5.00 | 761.50 | 7.50 |
| Global 4 Ports Average | 503.50 | 8.50 | 687.00 | 0.50 |
| Global Average Bunker Price | 595.50 | 7.50 | 803.50 | 9.00 |
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