World News
BUNKER PRICES: G20-VLSFO Index Declines for First Session in Three
Bunker fuel prices slipped at most ports on Tuesday, with average global VLSFO prices dropping for the first in three consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $3/mt to $591.50/mt on Tuesday, its first decline since June 1. The G20-HSFO Index sank by $8/mt to $486.50/mt, while the G20-MGO Index slipped by $1.50/mt to $780/mt.
ICE Brent crude futures lost $0.42/bl to $76.29/bl on Tuesday.
VLSFO prices at the top ports mostly had a negative trend. At Singapore prices slumped by $13.50/mt to $572/mt, at Rotterdam they dropped by $9.50/mt to $539/mt, at Fujairah they declined by $7.50/mt to $559/mt, and at Houston they gained $1.50/mt to $532.50/mt.
On Wednesday morning Brent crude futures were trading down by $0.22/bl at $76.07/bl as of 9:33 AM in London. In metric tonne terms that would be equivalent to a $1.66/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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