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 | 634.00 | 10.50 | 747.00 | 35.00 |
| Rotterdam | 574.00 | 16.00 | 738.50 | 12.00 |
| Houston | 595.50 | 13.00 | 762.50 | 14.50 |
| Fujairah | 624.50 | 18.50 | 867.50 | 24.00 |
| Global 20 Ports Average | 645.00 | 13.50 | 832.00 | 16.50 |
| Global 4 Ports Average | 607.00 | 14.50 | 779.00 | 21.50 |
| Global Average Bunker Price | 707.50 | 5.50 | 892.00 | 2.00 |
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