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 | 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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