World News
BUNKER PRICES: G20-VLSFO Index Slips to Three-Day Low
Bunker fuel prices declined at most ports on Tuesday, with global average VLSFO prices dropping to the lowest level in three sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $1.50/mt to $637.50/mt on Tuesday, reaching the lowest level since December 21. The G20-HSFO Index fell by $1/mt to $509.50/mt, while the G20-MGO Index slipped by $1/mt to $861/mt.
ICE Brent crude futures jumped by $2/bl from December 22's close to $81.07/bl on Tuesday.
VLSFO prices at the top ports were mixed in direction in quiet holiday trading. At Singapore prices were little changed at $613.50/mt, at Rotterdam they were little changed at $557/mt, at Fujairah they fell by $2/mt to $619.50/mt, and at Houston they dropped by $4.50/mt to $579/mt.
On Wednesday morning Brent crude futures were trading up by $0.01/bl at $81.08/bl as of 6:51 AM in London. In metric tonne terms that would be equivalent to a $0.08/mt rise 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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