World News
BUNKER PRICES: G20-VLSFO Index Drops to Three-Day Low
Bunker fuel prices declined at most ports on Wednesday, with global average VLSFO prices slipping to the lowest level in three days.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $2.50/mt to $663.50/mt on Wednesday, reaching the lowest level since March 1. The G20-HSFO Index rose by $0.50/mt to $511/mt, while the G20-MGO Index sank by $2.50/mt to $875.50/mt.
ICE Brent crude futures rose by $0.92/bl to $82.96/bl on Wednesday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices lost $6.50/mt to $640/mt, at Rotterdam they advanced by $6/mt to $588.50/mt, at Fujairah they fell by $6/mt to $638.50/mt, and at Houston they rose by $0.50/mt to $639/mt.
On Thursday morning Brent futures were down by $0.45/bl from the previous session's close at $82.51/bl as of 8:44 AM in London. In metric tonne terms that would equate to a $3.39/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.00 | 0.50 | 775.00 | 3.50 |
| Rotterdam | 603.50 | 1.50 | 759.50 | 11.50 |
| Houston | 626.50 | 2.50 | 794.00 | 2.00 |
| Fujairah | 649.00 | 0.50 | 904.50 | 6.50 |
| Global 20 Ports Average | 664.00 | 2.00 | 855.00 | 0.00 |
| Global 4 Ports Average | 632.00 | 1.00 | 808.00 | 4.00 |
| Global Average Bunker Price | 716.50 | 1.00 | 901.00 | 12.50 |
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