World News
BUNKER PRICES: G20-VLSFO Index Drops for Ninth Session
Bunker prices mostly declined at ports around the world on Wednesday, with global average VLSFO prices dropping for a ninth consecutive trading session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $1/mt to $531/mt on Wednesday, reaching its lowest level since June 3.
The G20-HSFO Index declined by $1.50/mt to $454.50/mt, while the G20-MGO Index sank by $7.50/mt to $745.50/mt.
ICE Brent crude futures fell by $0.49/bl to $65.63/bl on Wednesday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices fell by $2.50/mt to $500/mt, at Rotterdam they rose by $0.50/mt to $478/mt, at Fujairah they declined by $5.50/mt to $487.50/mt, and at Houston they were little changed at $482/mt.
On Thursday morning Brent crude futures were trading up by $0.34/bl from the previous session's close at $65.97/bl as of 7:03 AM in London. In metric tonne terms that would be equivalent to a $2.56/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 500.00 | 2.50 | 649.00 | 10.50 |
| Rotterdam | 478.00 | 0.50 | 656.50 | 5.50 |
| Houston | 482.00 | 0.00 | 655.50 | 3.00 |
| Fujairah | 487.50 | 5.50 | 721.00 | 4.50 |
| Global 20 Ports Average | 531.00 | 1.00 | 745.50 | 7.50 |
| Global 4 Ports Average | 487.00 | 2.00 | 670.50 | 4.50 |
| Global Average Bunker Price | 569.50 | 2.50 | 791.00 | 4.00 |
Popular Now More
-
Aug 13The US said the framework favours China and pushes costly marine fuels while excluding readily available fuels like LNG and biofuels. -
Aug 13The new hire was previously a bunker supply trader for Cockett Group in Singapore. -
Aug 12The winding-up application will be heard in Singapore's High Court on August 22.