World News
BUNKER PRICES: G20-VLSFO Index Drops to One-Week Low
Bunker prices mostly declined at ports around the world on Tuesday, with global average VLSFO prices slipping to their lowest level in almost a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $4.50/mt to $518.50/mt on Tuesday, reaching its lowest level since September 24.
The G20-HSFO Index declined by $7/mt to $450/mt, while the G20-MGO Index dropped by $5/mt to $768.50/mt.
ICE Brent crude futures sank by $1.06/bl to $66.03/bl on Tuesday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $6.50/mt to $488.50/mt, at Rotterdam they lost $4.50/mt to $454/mt, at Fujairah they sank by $7.50/mt to $486.50/mt, and at Houston they rose by $7.50/mt to $483/mt.
On Wednesday morning Brent crude futures were trading up by $0.10/bl from the previous session's close at $66.13/bl as of 4:13 AM in London. In metric tonne terms that would be equivalent to a $0.75/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 440.00 | 3.00 | 657.00 | 0.50 |
| Rotterdam | 423.50 | 0.50 | 636.50 | 3.00 |
| Houston | 436.00 | 5.00 | 630.50 | 1.00 |
| Fujairah | 436.50 | 0.50 | 719.50 | 1.00 |
| Global 20 Ports Average | 482.50 | 0.50 | 733.00 | 0.00 |
| Global 4 Ports Average | 434.00 | 0.00 | 661.00 | 0.50 |
| Global Average Bunker Price | 528.50 | 0.50 | 773.50 | 0.50 |
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