World News
BUNKER PRICES: G20-VLSFO Index Slips for First Session in Three
Bunker fuel prices declined at most ports on Tuesday, with global average VLSFO prices dropping for the first in three sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $5.50/mt to $652/mt on Tuesday, reaching the lowest level since August 3. The G20-HSFO Index declined by $3/mt to $576.50/mt, while the G20-MGO Index slipped by $0.50/mt to $928.50/mt.
ICE Brent crude futures gained $0.83/bl to $86.17/bl on Tuesday.
VLSFO prices at the top ports mostly had a negative trend. At Singapore prices fell by $6.50/mt to $637/mt, at Rotterdam they lost $5/mt to $610.50/mt, at Fujairah they advanced by $0.50/mt to $637.50/mt, and at Houston they dropped by $1/mt to $609.50/mt.
On Wednesday morning Brent crude futures were trading up by $0.27/bl at $86.44/bl as of 9:39 AM in London. In metric tonne terms that would be equivalent to a $2.03/mt rise 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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