World News
BUNKER PRICES: G20-VLSFO Index Drops to One-Week Low
Bunker fuel prices mostly declined at ports around the world on Tuesday, with global average VLSFO prices slipping to the lowest level in almost a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $3.50/mt to $615.50/mt on Tuesday, reaching its lowest level since January 15.
The G20-HSFO Index fell by $0.50/mt to $517/mt, while the G20-MGO Index slipped by $6.50/mt to $810/mt.
ICE Brent crude futures fell by $0.86/bl to $79.29/bl on Tuesday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices slipped by $1.50/mt to $610/mt, at Rotterdam they fell by $4.50/mt to $554.50/mt, at Fujairah they sank by $5/mt to $593/mt, and at Houston they dropped by $8/mt to $591/mt.
On Wednesday morning Brent futures were trading down by $0.45/bl from the previous session's close at $78.84/bl as of 7:26 AM in London. In metric tonne terms that would be equivalent to a $3.39/mt fall on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 610.00 | 1.50 | 741.00 | 15.50 |
| Rotterdam | 554.50 | 4.50 | 709.00 | 15.00 |
| Houston | 591.00 | 8.00 | 772.00 | 5.00 |
| Fujairah | 593.00 | 5.00 | 778.00 | 14.00 |
| Global 20 Ports Average | 615.50 | 3.50 | 810.00 | 6.50 |
| Global 4 Ports Average | 587.00 | 5.00 | 750.00 | 12.50 |
| Global Average Bunker Price | 656.00 | 2.00 | 848.50 | 2.50 |
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