World News
BUNKER PRICES: G20-VLSFO Index Slips on Tuesday
Bunker fuel prices declined at most ports on Tuesday.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $0.50/mt to $680.50/mt on Tuesday. The G20-HSFO Index was unchanged at $458.50/mt, while the G20-MGO Index advanced by $3/mt to $963.50/mt.
ICE Brent crude futures lost $1.03bl to $85.58/bl on Tuesday.
VLSFO prices at the top ports mostly had a negative trend. At Singapore prices fell by $4/mt to $667/mt, at Rotterdam they declined by $8.50/mt to $595.50/mt, at Fujairah they climbed by $5.50/mt to $665/mt and at Houston they fell by $7.50/mt to $634.50/mt.
On Wednesday morning Brent futures were trading down by $1.11/bl at $84.47/bl as of 9:52 AM in London. In metric tonne terms that would amount to an $8.36/mt fall 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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