World News
BUNKER PRICES: G20-VLSFO Index Drops to Two-Week Low
Bunker fuel prices mostly declined at ports around the world on Wednesday, with global average VLSFO prices dropping to the lowest level in two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $2/mt to $611/mt on Wednesday, reaching its lowest level since January 15.
The G20-HSFO Index fell by $2/mt to $509.50/mt, while the G20-MGO Index declined by $7/mt to $780.50/mt.
ICE Brent crude futures fell by $0.91/bl to $76.58/bl on Wednesday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices fell by $1/mt to $593/mt, at Rotterdam they advanced by $1/mt to $551/mt, at Fujairah they rose by $0.50/mt to $580.50/mt, and at Houston they dropped by $1.50/mt to $573.50/mt.
On Thursday morning Brent futures were trading down by $0.52/bl from the previous session's close at $76.06/bl as of 9:56 AM in London. In metric tonne terms that would be equivalent to a $3.92/mt fall on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 593.00 | 1.00 | 715.50 | 0.50 |
| Rotterdam | 551.00 | 1.00 | 677.00 | 11.00 |
| Houston | 573.50 | 1.50 | 732.50 | 1.50 |
| Fujairah | 580.50 | 0.50 | 770.50 | 0.50 |
| Global 20 Ports Average | 611.00 | 2.00 | 780.50 | 7.00 |
| Global 4 Ports Average | 574.50 | 0.00 | 723.50 | 3.00 |
| Global Average Bunker Price | 651.00 | 2.50 | 831.50 | 4.50 |
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