World News
BUNKER PRICES: G20-VLSFO Index Sinks for Fifth Day
Bunker prices mostly fell at ports around the world on Tuesday, with global average VLSFO prices dropping for a fifth consecutive trading session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $4/mt to $473/mt on Tuesday, remaining at its lowest level since February 2021.
The G20-HSFO Index slipped by $1.50/mt to $404/mt, while the G20-MGO Index declined by $12/mt to $767/mt.
ICE Brent crude futures dropped by $0.89/bl to $62.48/bl on Tuesday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $4.50/mt to $438.50/mt, at Rotterdam they lost $3/mt to $408.50/mt, at Fujairah they were little changed at $436.50/mt, and at Houston they slipped by $6/mt to $436.50/mt.
On Wednesday morning Brent crude futures were trading up by $0.24/bl from the previous session's close at $62.72/bl as of 5:01 AM in London. In metric tonne terms that would be equivalent to a $1.81/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 437.50 | 4.50 | 682.50 | 15.50 |
| Rotterdam | 408.50 | 3.00 | 681.00 | 14.50 |
| Houston | 435.50 | 6.00 | 690.50 | 13.00 |
| Fujairah | 436.50 | 0.00 | 724.00 | 4.50 |
| Global 20 Ports Average | 473.00 | 4.00 | 767.00 | 12.00 |
| Global 4 Ports Average | 429.50 | 3.50 | 694.50 | 9.50 |
| Global Average Bunker Price | 516.00 | 0.50 | 812.00 | 2.50 |
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