World News
BUNKER PRICES: G20-VLSFO Index Drops to Two-Month Low
Bunker fuel prices declined at ports around the world on Wednesday, with global average VLSFO prices dropping to the lowest level in almost two months.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $5.50/mt to $582/mt on Wednesday, reaching its lowest level since January 1.
The G20-HSFO Index fell by $4.50/mt to $507/mt, while the G20-MGO Index dropped by $5.50/mt to $775.50/mt.
ICE Brent crude futures fell by $0.49/bl to $72.53/bl on Wednesday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices fell by $13/mt to $542/mt, at Rotterdam they lost $6/mt to $528.50/mt, at Fujairah they declined by $14/mt to $542/mt, and at Houston they dropped by $7.50/mt to $541.50/mt.
On Thursday morning Brent futures were trading down by $0.01/bl from the previous session's close at $72.52/bl as of 7:23 AM in London. In metric tonne terms that would be equivalent to a $0.08/mt fall on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 542.00 | 13.00 | 670.00 | 11.50 |
| Rotterdam | 528.50 | 6.00 | 673.00 | 3.00 |
| Houston | 541.50 | 7.50 | 699.00 | 18.00 |
| Fujairah | 542.00 | 14.00 | 753.50 | 12.00 |
| Global 20 Ports Average | 582.00 | 5.50 | 775.50 | 5.50 |
| Global 4 Ports Average | 538.50 | 10.00 | 699.00 | 11.00 |
| Global Average Bunker Price | 613.50 | 7.00 | 810.00 | 3.50 |
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