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 | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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