World News
BUNKER PRICES: G20-VLSFO Index Sinks to Two-Week Low
Bunker fuel prices fell at most ports on Wednesday, with average global VLSFO prices slipping to the lowest level in more than two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $5.50/mt to $588.50/mt on Wednesday, reaching the lowest level since June 13. The G20-HSFO Index rallied by $1/mt to $481/mt, while the G20-MGO Index dropped by $7.50/mt to $769.50/mt.
ICE Brent crude futures gained $1.77/bl to $74.03/bl on Wednesday.
VLSFO prices at the top ports had a negative trend. At Singapore prices fell by $9.50/mt to $585/mt, at Rotterdam they slipped by $9.50/mt to $529/mt, at Fujairah they declined by $11.50/mt to $570.50/mt, and at Houston they were little changed at $525.50/mt.
On Thursday morning Brent crude futures were trading down by $0.47/bl at $73.56/bl as of 6:37 AM in London. In metric tonne terms that would be equivalent to a $3.54/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 626.00 | 1.50 | 741.00 | 9.00 |
| Rotterdam | 577.00 | 6.00 | 757.00 | 1.00 |
| Houston | 593.50 | 2.00 | 767.00 | 7.00 |
| Fujairah | 628.00 | 1.00 | 882.00 | 4.50 |
| Global 20 Ports Average | 638.00 | 1.00 | 826.50 | 7.50 |
| Global 4 Ports Average | 606.00 | 2.00 | 786.50 | 4.50 |
| Global Average Bunker Price | 689.00 | 1.00 | 880.00 | 1.00 |
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