World News
BUNKER PRICES: G20-VLSFO Index Drops to Three-Day Low
Bunker fuel prices declined at most ports on Wednesday, with global average VLSFO prices slipping to the lowest level in three days.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $3/mt to $635.50/mt on Wednesday, reaching the lowest level since July 12.
The G20-HSFO Index slipped by $2/mt to $543/mt, while the G20-MGO Index dropped by $7/mt to $825/mt.
ICE Brent crude futures jumped by $1.35/bl to $85.08/bl on Wednesday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices lost $4/mt to $618.50/mt, at Rotterdam they fell by $4.50/mt to $570/mt, at Fujairah they declined by $4.50/mt to $620/mt, and at Houston they rose by $0.50/mt to $601.50/mt.
On Thursday morning Brent futures were trading up by $0.34/bl from the previous session's close at $85.42/bl as of 6:36 AM in London. In metric tonne terms that would be equivalent to a $2.56/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 569.50 | 0.00 | 680.00 | 0.00 |
| Rotterdam | 515.00 | 1.00 | 674.00 | 2.00 |
| Houston | 550.00 | 2.50 | 678.00 | 6.50 |
| Fujairah | 560.50 | 0.50 | 753.50 | 2.50 |
| Global 20 Ports Average | 586.00 | 0.00 | 761.00 | 2.00 |
| Global 4 Ports Average | 549.00 | 1.00 | 696.50 | 2.00 |
| Global Average Bunker Price | 634.50 | 1.00 | 800.50 | 2.00 |
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