World News
BUNKER PRICES: G20-VLSFO Index Drops to Two-Week Low
Bunker fuel prices declined at most ports on Wednesday, with global average VLSFO prices dropping to the lowest level in two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $3/mt to $585/mt on Wednesday, reaching the lowest level since October 29.
The G20-HSFO Index slipped by $0.50/mt to at $487.50/mt, while the G20-MGO Index rose by $1/mt to $749.50/mt.
ICE Brent crude futures rose by $0.39/bl to $72.28/bl on Wednesday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices lost $1.50/mt to $571.50/mt, at Rotterdam they declined by $1.50/mt to $515/mt, at Fujairah they sank by $6.50/mt to $560.50/mt, and at Houston they dropped by $5/mt to $542.50/mt.
On Thursday morning Brent futures were trading down by $0.42/bl from the previous session's close at $71.86/bl as of 5:59 AM in London. In metric tonne terms that would be equivalent to a $3.16/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 569.50 | 6.50 | 680.00 | 10.50 |
| Rotterdam | 514.00 | 2.50 | 676.00 | 7.50 |
| Houston | 547.50 | 0.00 | 671.50 | 1.50 |
| Fujairah | 561.00 | 0.50 | 751.00 | 1.50 |
| Global 20 Ports Average | 586.00 | 0.00 | 759.00 | 0.00 |
| Global 4 Ports Average | 548.00 | 2.00 | 694.50 | 5.00 |
| Global Average Bunker Price | 633.50 | 1.00 | 798.50 | 0.50 |
Popular Now More
-
Nov 20The ISO 6853:2024 specifications, the first of their kind, cover the general requirements and properties for methanol specifically being used as marine fuel. -
Nov 20The new hire had previously worked as a bunker and lubricant trader for sister company Glander International Bunkering in Dubai. -
Nov 21Wong Kuin Wah, working at the time of the allegations for Sentek Marine & Trading, was handed a jail sentence of seven and a half years at a Singapore court on Monday.