World News
BUNKER PRICES: G20-VLSFO Index Slips for First in Six Sessions
Bunker fuel prices declined at most ports on Wednesday, with global average VLSFO prices falling for the first in six sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $1/mt to $671/mt on Wednesday, having reached the highest level since November 22 on Tuesday. The G20-HSFO Index advanced by $3/mt to $530.50/mt, while the G20-MGO Index gained $1/mt to $902/mt.
ICE Brent crude futures sank by $1.43/bl to $85.95/bl on Wednesday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices gained $0.50/mt to $648.50/mt, at Rotterdam they advanced by $0.50/mt to $601.50/mt, at Fujairah they slipped by $1.50/mt to $650/mt, and at Houston they climbed by $5/mt to $665.50/mt.
On Thursday morning Brent futures were up by $0.50/bl from the previous session's close at $86.45/bl as of 7:07 AM in London. In metric tonne terms that would equate to a $3.77/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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