World News
BUNKER PRICES: G20-VLSFO Index Slips for First in Four Sessions
Bunker fuel prices declined at most ports on Wednesday, with global average VLSFO prices slipping for the first in four consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $1/mt to $630.50/mt on Wednesday, having reached the highest level since July 19 the previous day.
The G20-HSFO Index dropped by $6/mt to $500.50/mt, while the G20-MGO Index declined by $7/mt to $776.50/mt.
ICE Brent crude futures sank by $0.90/bl to $78.65/bl on Wednesday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices lost $5/mt to $639.50/mt, at Rotterdam they rose by $3/mt to $564/mt, at Fujairah they sank by $9/mt to $622.50/mt, and at Houston they fell by $6/mt to $554/mt.
On Thursday morning Brent futures were trading up by $0.02/bl from the previous session's close at $78.67/bl as of 7:58 AM in London. In metric tonne terms that would be equivalent to a $0.15/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 569.50 | 6.50 | 680.00 | 10.50 |
| Rotterdam | 514.00 | 2.50 | 676.00 | 7.50 |
| Houston | 547.50 | 0.00 | 671.50 | 1.50 |
| Fujairah | 561.00 | 0.50 | 751.00 | 1.50 |
| Global 20 Ports Average | 586.00 | 0.00 | 759.00 | 0.00 |
| Global 4 Ports Average | 548.00 | 2.00 | 694.50 | 5.00 |
| Global Average Bunker Price | 633.50 | 1.00 | 798.50 | 0.50 |
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