World News
BUNKER PRICES: G20-VLSFO Index Declines for Second Session
Bunker fuel prices declined at most ports on Tuesday, with global average VLSFO prices falling for a second consecutive session as crude futures slumped.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $2.50/mt to $643.50/mt on Tuesday, reaching the lowest level since July 1.
The G20-HSFO Index sank by $2/mt to $549.50/mt, while the G20-MGO Index fell by $6/mt to $844.50/mt.
ICE Brent crude futures dropped by $1.09/bl to $84.66/bl on Tuesday.
VLSFO prices at the top ports followed a negative trend. At Singapore prices lost $4.50/mt to $634/mt, at Rotterdam they fell by $4.50/mt to $582.50/mt, at Fujairah they declined by $6/mt to $634/mt, and at Houston they declined by $4.50/mt to $610/mt.
On Wednesday morning Brent futures were trading down by $0.35/bl from the previous session's close at $84.31/bl as of 6:38 AM in London. In metric tonne terms that would be equivalent to a $2.64/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 589.50 | 2.00 | 651.50 | 2.00 |
| Rotterdam | 552.50 | 5.00 | 650.50 | 3.00 |
| Houston | 537.50 | 2.00 | 658.50 | 8.00 |
| Fujairah | 578.50 | 4.00 | 760.50 | 2.00 |
| Global 20 Ports Average | 605.00 | 0.50 | 744.00 | 0.50 |
| Global 4 Ports Average | 564.50 | 0.00 | 680.00 | 1.50 |
| Global Average Bunker Price | 647.50 | 1.50 | 811.00 | 1.50 |
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