World News
BUNKER PRICES: G20-VLSFO Index Drops to Three-Month Low
Bunker prices mostly declined at ports around the world on Tuesday, with global average VLSFO prices slipping to their lowest level in more than three months.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $1.50/mt to $527/mt on Tuesday, reaching its lowest level since May 9.
The G20-HSFO Index declined by $3.50/mt to $445.50/mt, while the G20-MGO Index sank by $1/mt to $739.50/mt.
ICE Brent crude futures fell by $0.81/bl to $65.79/bl on Tuesday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $2/mt to $495.50/mt, at Rotterdam they declined by $1.50/mt to $469.50/mt, at Fujairah they were little changed at $487.50/mt, and at Houston they dropped by $2/mt to $478.50/mt.
On Wednesday morning Brent crude futures were trading up by $0.50/bl from the previous session's close at $66.29/bl as of 8:05 AM in London. In metric tonne terms that would be equivalent to a $3.77/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 495.50 | 2.00 | 638.50 | 7.00 |
| Rotterdam | 469.50 | 1.50 | 650.00 | 0.00 |
| Houston | 478.50 | 2.00 | 653.50 | 1.50 |
| Fujairah | 487.50 | 0.00 | 722.00 | 1.00 |
| Global 20 Ports Average | 527.00 | 1.50 | 739.50 | 1.00 |
| Global 4 Ports Average | 483.00 | 1.00 | 667.00 | 1.50 |
| Global Average Bunker Price | 568.50 | 1.50 | 782.00 | 1.00 |
Popular Now More
-
Aug 18The executive has worked for Bunker Holding since July 2016. -
Aug 20Rasmus Bach Nielsen has stepped down as global head of fuel decarbonisation at Trafigura as of August 19 and will take a 12-13-month career break. -
Aug 19Getting to Zero Coalition says early ships will use ammonia only part of the time as operators take a cautious approach.