Global VLSFO prices have generally risen over the summer. Image Credit: Ship & Bunker
Bunker fuel prices declined at most ports on Tuesday, 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 $3/mt to $661/mt on Tuesday, reaching the lowest level since August 31. The G20-HSFO Index held steady at $578/mt, while the G20-MGO Index rose by $8/mt to $978/mt.
ICE Brent crude futures gained $1.04/bl to $90.04/bl on Tuesday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices gained $0.50/mt to $642/mt, at Rotterdam they sank by $8/mt to $605/mt, at Fujairah they declined by $4/mt to $634/mt, and at Houston they climbed by $6/mt to $657/mt.
On Wednesday morning Brent crude futures were trading down by $0.71/bl at $89.33/bl as of 9:31 AM in London. In metric tonne terms that would be equivalent to a $5.35/mt fall in bunker prices.
