World News
BUNKER PRICES: G20-VLSFO Index Drops to 15-Week Low
Bunker fuel prices slipped at most ports on Tuesday, with global average VLSFO prices dropping to the lowest level in almost 15 weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $2/mt to $644/mt on Tuesday, reaching the lowest level since January 24. The G20-HSFO Index rose by $3.50/mt to $537.50/mt, while the G20-MGO Index was little changed at $825.50/mt.
ICE Brent crude futures fell by $0.17/bl to $83.16/bl on Tuesday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices rose by $1/mt to $628/mt, at Rotterdam they dropped by $10/mt to $569/mt, at Fujairah they advanced by $4.50/mt to $626.50/mt, and at Houston they climbed by $3.50/mt to $591/mt.
On Wednesday morning Brent futures were trading down by $0.52/bl from the previous session's close at $82.64/bl as of 7:26 AM in London. In metric tonne terms that would be equivalent to a $3.92/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 |
Popular Now More
-
Nov 21CCO Christoffer Berg Lassen is stepping down from the company to be replaced by Anders Grønborg, while Peder Møller becomes its first chief operating officer. -
Nov 20The ISO 6853:2024 specifications, the first of their kind, cover the general requirements and properties for methanol specifically being used as marine fuel. -
Nov 21CTI-Maritec reports on undeclared quantities of cashew nut shell liquid found in VLSFO samples from Rotterdam and Singapore.