World News
BUNKER PRICES: G20-VLSFO Index Slips for First Session in Four
Bunker fuel prices declined at most ports on Wednesday, with global average VLSFO prices slipping for the first in four sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $0.50/mt to $672/mt on Wednesday, in its first daily decline since April 11. The G20-HSFO Index rose by $1/mt to $547/mt, while the G20-MGO Index dropped by $7/mt to $885/mt.
ICE Brent crude futures sank by $2.73/bl to $87.29/bl on Wednesday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices advanced by $2/mt to $655.50/mt, at Rotterdam they were little changed at $619/mt, at Fujairah they fell by $4.50/mt to $653.50/mt, and at Houston they dropped by $7.50/mt to $628.50/mt.
On Thursday morning Brent futures were trading up by $0.32/bl from the previous session's close at $87.61/bl as of 6:32 AM in London. In metric tonne terms that would be equivalent to a $2.41/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 645.50 | 3.50 | 771.50 | 1.50 |
| Rotterdam | 600.50 | 2.00 | 759.50 | 2.50 |
| Houston | 619.50 | 11.00 | 787.50 | 9.00 |
| Fujairah | 642.50 | 6.00 | 895.00 | 5.00 |
| Global 20 Ports Average | 662.00 | 4.00 | 851.00 | 5.00 |
| Global 4 Ports Average | 627.00 | 5.50 | 803.50 | 3.50 |
| Global Average Bunker Price | 714.50 | 1.00 | 890.50 | 2.50 |
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