World News
BUNKER PRICES: G20-VLSFO Index Drops to Two-Week Low
Bunker fuel prices slipped at most ports on Tuesday, with average global VLSFO prices falling to the lowest level in almost two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $5/mt to $635.50mt on Tuesday, reaching the lowest level since April 5. The G20-HSFO Index sank by $8/mt to $519.50/mt, while the G20-MGO Index dropped by $12/mt to $866.50/mt.
ICE Brent crude futures gained $0.01/bl to $84.77/bl on Tuesday.
VLSFO prices at the top ports had a negative trend. At Singapore prices fell by $10.50/mt to $616.50/mt, at Rotterdam they dropped by $10/mt to $580/mt, at Fujairah they declined by $5/mt to $614.50/mt and at Houston they sank by $15.50/mt to $608/mt.
On Wednesday morning Brent crude futures were trading down by $1.01/bl at $83.76/bl as of 9:04 AM in London. In metric tonne terms that would be equivalent to a $7.61/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 625.00 | 9.00 | 732.00 | 15.00 |
| Rotterdam | 577.50 | 3.50 | 739.50 | 1.00 |
| Houston | 595.00 | 0.50 | 767.00 | 4.50 |
| Fujairah | 628.50 | 4.00 | 878.50 | 11.00 |
| Global 20 Ports Average | 645.50 | 0.50 | 827.00 | 5.00 |
| Global 4 Ports Average | 606.50 | 0.50 | 779.50 | 0.50 |
| Global Average Bunker Price | 703.50 | 4.00 | 886.00 | 6.00 |
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