World News
BUNKER PRICES: G20-VLSFO Index Declines for Fifth Session
Bunker fuel prices slipped at most ports on Tuesday, with global average VLSFO prices declining for a fifth consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $2/mt to $653.50/mt on Tuesday, reaching the lowest level since October 8. The G20-HSFO Index rose by $2.50/mt to $521/mt, while the G20-MGO Index was little changed at $881.50/mt.
ICE Brent crude futures jumped by $1.70/bl to $81.68/bl on Tuesday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices fell by $12/mt to $651.50/mt, at Rotterdam they gained $6.50/mt to $574/mt, at Fujairah they sank by $5.50/mt to $636.50/mt, and at Houston they advanced by $0.50/mt to $571/mt.
On Wednesday morning Brent crude futures were trading up by $0.16/bl at $81.84/bl as of 8:04 AM in London. In metric tonne terms that would be equivalent to a $1.20/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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