World News
BUNKER PRICES: G20-VLSFO Index Declines With Crude
Bunker prices mostly declined at ports around the world on Tuesday, with global average VLSFO prices slipping for a second day and following crude futures lower.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $0.50/mt to $549.50/mt on Tuesday, remaining at its lowest level since June 12.
The G20-HSFO Index declined by $1.50/mt to $465.50/mt, while the G20-MGO Index declined by $2/mt to $773/mt.
ICE Brent crude futures fell by $0.62/bl to $68.59/bl on Tuesday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices fell by $1/mt to $515.50/mt, at Rotterdam they rose by $3/mt to $509/mt, at Fujairah they were little changed at $511/mt, and at Houston they dropped by $1/mt to $500.50/mt.
On Wednesday morning Brent crude futures were trading up by $0.23/bl from the previous session's close at $68.82/bl as of 5:46 AM in London. In metric tonne terms that would be equivalent to a $1.73/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 515.50 | 1.00 | 693.00 | 0.50 |
| Rotterdam | 509.00 | 3.00 | 724.00 | 10.50 |
| Houston | 500.50 | 1.00 | 719.00 | 13.50 |
| Fujairah | 511.00 | 0.00 | 744.50 | 5.50 |
| Global 20 Ports Average | 549.50 | 0.50 | 773.00 | 2.00 |
| Global 4 Ports Average | 509.00 | 0.50 | 720.00 | 2.00 |
| Global Average Bunker Price | 588.00 | 0.00 | 823.00 | 4.50 |
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