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 | 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 |
Popular Now More
-
Jul 25But a dearth of evidence supports the optimism on otherl fronts. -
Jul 23The new hire previously worked as a senior fuel oil trader for Hartree Partners in Houston. -
Jul 26Q2 marine income from operations was down by 47.5% on the year, by 61.2% from Q1 and the least since the fourth quarter of 2021.