World News
BUNKER PRICES: G20-VLSFO Index Sinks to 17-Month Low
Bunker fuel prices fell at most ports on Wednesday, with global average VLSFO prices declining to the lowest level in 17 months.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $3.50/mt to $580/mt on Wednesday, reaching the lowest level since June 2023.
The G20-HSFO Index was little changed at $488/mt, while the G20-MGO Index fell by $1.50/mt to $761/mt.
ICE Brent crude futures rose by $0.02/bl to $72.83/bl on Wednesday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices lost $9.50/mt to $556/mt, at Rotterdam they declined by $5/mt to $507/mt, at Fujairah they slipped by $7/mt to $548.50/mt, and at Houston they dropped by $2.50/mt to $549.50/mt.
On Thursday morning Brent futures were trading down by $0.25/bl from the previous session's close at $72.58/bl as of 8:34 AM in London. In metric tonne terms that would be equivalent to a $1.88/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 556.00 | 9.50 | 674.00 | 4.50 |
| Rotterdam | 507.00 | 5.00 | 663.50 | 12.50 |
| Houston | 549.50 | 2.50 | 677.00 | 5.00 |
| Fujairah | 548.50 | 7.00 | 748.50 | 4.50 |
| Global 20 Ports Average | 580.00 | 3.50 | 761.00 | 1.50 |
| Global 4 Ports Average | 540.00 | 6.50 | 691.00 | 6.50 |
| Global Average Bunker Price | 625.50 | 7.00 | 809.50 | 1.50 |
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