World News
BUNKER PRICES: G20-VLSFO Index Drops for Sixth Day
Bunker prices mostly fell at ports around the world on Wednesday, with global average VLSFO prices dropping for a sixth consecutive trading session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $2.50/mt to $470.50/mt on Wednesday, remaining at its lowest level since February 2021.
The G20-HSFO Index slipped by $5/mt to $399/mt, while the G20-MGO Index declined by $8.50/mt to $758.50/mt.
ICE Brent crude futures jumped by $0.65/bl to $63.13/bl on Wednesday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices fell by $2/mt to $436.50/mt, at Rotterdam they lost $3.50/mt to $405/mt, at Fujairah they sank by $5/mt to $431.50/mt, and at Houston they slipped by $6.50/mt to $429/mt.
On Thursday morning Brent crude futures were trading down by $0.33/bl from the previous session's close at $62.80/bl as of 5:55 AM in London. In metric tonne terms that would be equivalent to a $2.48/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 435.50 | 2.00 | 673.50 | 9.00 |
| Rotterdam | 405.00 | 3.50 | 672.50 | 8.50 |
| Houston | 429.00 | 6.50 | 676.00 | 14.50 |
| Fujairah | 431.50 | 5.00 | 717.50 | 6.50 |
| Global 20 Ports Average | 470.50 | 2.50 | 758.50 | 8.50 |
| Global 4 Ports Average | 425.00 | 4.50 | 685.00 | 9.50 |
| Global Average Bunker Price | 514.00 | 2.00 | 808.50 | 3.50 |
Popular Now More
-
Nov 27BH and subsidiary Dan-Bunkering reported to police; "extremely shocked" to face new allegations related to Syria war crimes case closed in 2021. -
Nov 27If a co-worker's behaviour risks staining your name, however fond of them you are, protecting your integrity is a must. -
Nov 25Dan-Bunkering USA currently sells just short of 1 million mt/year of marine fuels in the Americas, and sees oil and gas as a key part of its future growth.