World News
BUNKER PRICES: G20-VLSFO Index Drops to One-Week Low
Bunker fuel prices declined at most ports on Tuesday, with global average VLSFO prices dropping to the lowest level in more than a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $4/mt to $592.50/mt on Tuesday, reaching the lowest level since July 7. The G20-HSFO Index declined by $3/mt to $515.50/mt, while the G20-MGO Index lost $3/mt to $809.50/mt.
ICE Brent crude futures gained $1.13/bl to $79.63/bl on Tuesday.
VLSFO prices at the top ports mostly had a negative trend. At Singapore prices fell by $9.50/mt to $564.50/mt, at Rotterdam they rallied by $52/mt to $551.50/mt, at Fujairah they declined by $1/mt to $565/mt, and at Houston they slipped by $1/mt to $559/mt.
On Wednesday morning Brent crude futures were trading up by $0.10/bl at $79.73/bl as of 9:11 AM in London. In metric tonne terms that would be equivalent to a $0.75/mt rise 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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