World News
BUNKER PRICES: G20-VLSFO Index Drops for Fifth Consecutive Session
Bunker fuel prices slipped at most ports on Wednesday, with average global VLSFO prices falling for a fifth consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $1/mt to $634.50mt on Wednesday, remaining at the lowest level since April 5. The G20-HSFO Index slipped by $0.50/mt to $519/mt, while the G20-MGO Index dropped by $3/mt to $863.50/mt.
ICE Brent crude futures lost $1.65/bl to $83.12/bl on Wednesday.
VLSFO prices at the top ports had a mixed trend. At Singapore prices were little changed at $616.50/mt, at Rotterdam they advanced by $0.50/mt to $580.50/mt, at Fujairah they declined by $4.50/mt to $610/mt and at Houston they sank by $7.50/mt to $600.50/mt.
On Thursday morning Brent crude futures were trading down by $0.84/bl at $82.28/bl as of 6:58 AM in London. In metric tonne terms that would be equivalent to a $6.33/mt fall 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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