World News
BUNKER PRICES: G20-VLSFO Index Declines for First Session in Six
Bunker fuel prices declined at most ports on Tuesday, with global average VLSFO prices slipping for the first in six consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $0.50/mt to $666/mt on Tuesday, paring the previous day's $4.50/mt advance. The G20-HSFO Index fell by $3/mt to $510.50/mt, while the G20-MGO Index sank by $5.50/mt to $878/mt.
ICE Brent crude futures fell by $0.76/bl to $82.04/bl on Tuesday.
VLSFO prices at the top ports mostly followed a negative trend. At Singapore prices gained $0.50/mt to $646.50/mt, at Rotterdam they declined by $2.50/mt to $582.50/mt, at Fujairah they fell by $6.50/mt to $644.50/mt, and at Houston they slipped by $0.50/mt to $638.50/mt.
On Wednesday morning Brent futures were up by $0.49/bl from the previous session's close at $82.53/bl as of 9:04 AM in London. In metric tonne terms that would equate to a $3.69/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.00 | 0.50 | 775.00 | 3.50 |
| Rotterdam | 603.50 | 1.50 | 759.50 | 11.50 |
| Houston | 626.50 | 2.50 | 794.00 | 2.00 |
| Fujairah | 649.00 | 0.50 | 904.50 | 6.50 |
| Global 20 Ports Average | 664.00 | 2.00 | 855.00 | 0.00 |
| Global 4 Ports Average | 632.00 | 1.00 | 808.00 | 4.00 |
| Global Average Bunker Price | 716.50 | 1.00 | 901.00 | 12.50 |
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