World News
BUNKER PRICES: G20-VLSFO Index Slips for First Session in Three
Bunker fuel prices fell at most ports on Tuesday, with global average VLSFO prices dropping for the first in three consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $2/mt to $678/mt on Tuesday, in its first daily decline since October 12. The G20-HSFO Index gained $0.50/mt to $552.50/mt, while the G20-MGO Index advanced by $3/mt to $970/mt.
ICE Brent crude futures rose by $0.25/bl to $90.90/bl on Tuesday.
VLSFO prices at the top ports followed a negative trend. At Singapore prices fell by $8/mt to $672.50/mt, at Rotterdam they lost $3.50/mt to $619/mt, at Fujairah they declined by $5/mt to $661.50/mt, and at Houston they slipped by $2.50/mt to $632.50/mt.
On Wednesday morning Brent crude futures were trading up by $1.55/bl at $91.45/bl as of 6:36 AM in London. In metric tonne terms that would be equivalent to an $11.67/mt rise 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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