World News
BUNKER PRICES: G20-VLSFO Index Falls to Three-Week Low
Bunker fuel prices sank at most ports on Wednesday, with global average VLSFO prices dropping to the lowest level in more than three weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $3.50/mt to $645.50/mt on Wednesday, reaching the lowest level since August 1. The G20-HSFO Index slipped by $5.50/mt to $579.50/mt, while the G20-MGO Index advanced by $6/mt to $956/mt.
ICE Brent crude futures lost $0.62/bl to $83.21/bl on Wednesday.
VLSFO prices at the top ports followed a negative trend. At Singapore prices fell by $6/mt to $629.50/mt, at Rotterdam they lost $9.50/mt to $592.50/mt, at Fujairah they declined by $7.50/mt to $623/mt, and at Houston they dropped by $1.50/mt to $627.50/mt.
On Thursday morning Brent crude futures were trading down by $0.61/bl at $82.60/bl as of 9:01 AM in London. In metric tonne terms that would be equivalent to a $4.59/mt fall 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 |
Popular Now More
-
Oct 02The new hire was previously managing director of bunker trading firm Sing Fuels from March 2018 to this month. -
Oct 03The new hire was previously managing partner of Island Gulf Energy in Dubai from July 2016 to last month. -
Oct 02The new hire was previously a bunker trader for marine fuel trading firm Pacific Bunkers in Singapore from July 2012 to last month.