World News
BUNKER PRICES: G20-VLSFO Index Drops for Fifth Day
Bunker prices mostly declined at ports around the world on Wednesday, with global average VLSFO prices dropping for a fifth consecutive trading session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $3/mt to $521/mt on Wednesday, remaining at its lowest level since May 8.
The G20-HSFO Index fell by $1.50/mt to $437.50/mt, while the G20-MGO Index jumped by $3/mt to $761.50/mt.
ICE Brent crude futures climbed by $1.10/bl to $67.49/bl on Wednesday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices fell by $0.50/mt to $487.50/mt, at Rotterdam they declined by $5.50/mt to $464/mt, at Fujairah they slipped by $2/mt to $486/mt, and at Houston they dropped by $1.50/mt to $487/mt.
On Thursday morning Brent crude futures were trading down by $0.19/bl from the previous session's close at $67.30/bl as of 6:26 AM in London. In metric tonne terms that would be equivalent to a $1.43/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 487.50 | 0.50 | 671.50 | 0.50 |
| Rotterdam | 464.00 | 5.50 | 671.00 | 0.00 |
| Houston | 487.00 | 1.50 | 679.00 | 2.50 |
| Fujairah | 486.00 | 2.00 | 730.00 | 0.00 |
| Global 20 Ports Average | 521.00 | 3.00 | 761.50 | 3.00 |
| Global 4 Ports Average | 481.00 | 2.50 | 688.00 | 0.50 |
| Global Average Bunker Price | 562.00 | 1.00 | 804.50 | 1.00 |
Popular Now More
-
Sep 08Oguz Ataç is now set to become global head of trading at a new marine fuels venture focused on worldwide truck-based bunker supply and physical operations in Turkey, a source tells Ship & Bunker. -
Sep 10The vessel came to Singapore from the Black Sea over the past month. -
Sep 10Glander International Bunkering discusses the impact of the ongoing rollout of sulfur ECAs around the world.