World News
BUNKER PRICES: G20-VLSFO Index Drops to One-Week Low
Bunker fuel prices slipped at most ports on Tuesday, with average global VLSFO prices hitting the lowest level in almost a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $4.50/mt to $585/mt on Tuesday, reaching the lowest level since May 17. The G20-HSFO Index gained $0.50/mt to $487/mt, while the G20-MGO Index lost $2/mt to $772.50/mt.
ICE Brent crude futures gained $0.85/bl to $76.84/bl on Tuesday.
VLSFO prices at the top ports had a negative trend. At Singapore prices fell by $0.50/mt to $578.50/mt, at Rotterdam they declined by $4.50/mt to $528/mt, at Fujairah they slipped by $2/mt to $562/mt, and at Houston they sank by $8/mt to $525.50/mt.
On Wednesday morning Brent crude futures were trading up by $0.55/bl at $77.39/bl as of 8:23 AM in London. In metric tonne terms that would be equivalent to a $4.14/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 644.50 | 2.50 | 765.00 | 14.00 |
| Rotterdam | 607.50 | 0.50 | 764.50 | 24.50 |
| Houston | 632.50 | 4.00 | 807.50 | 5.00 |
| Fujairah | 650.50 | 1.00 | 882.50 | 6.00 |
| Global 20 Ports Average | 665.50 | 6.50 | 870.50 | 14.50 |
| Global 4 Ports Average | 635.50 | 3.50 | 810.00 | 17.50 |
| Global Average Bunker Price | 725.00 | 2.50 | 925.50 | 8.00 |
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