World News
BUNKER PRICES: G20-VLSFO Index Slips for First Session in Four
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.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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