World News
BUNKER PRICES: G20-VLSFO Index Drops for Third Day
Bunker fuel prices declined at ports around the world on Tuesday, with global average VLSFO prices dropping for a third consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $3.50/mt to $587.50/mt on Tuesday, reaching its lowest level since January 7.
The G20-HSFO Index fell by $1.50/mt to $511.50/mt, while the G20-MGO Index dropped by $4/mt to $781/mt.
ICE Brent crude futures fell by $1.76/bl to $73.02/bl on Tuesday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices fell by $3.50/mt to $555/mt, at Rotterdam they lost $1/mt to $534.50/mt, at Fujairah they declined by $3/mt to $556/mt, and at Houston they dropped by $9.50/mt to $549/mt.
On Wednesday morning Brent futures were trading up by $0.17/bl from the previous session's close at $73.19/bl as of 6:33 AM in London. In metric tonne terms that would be equivalent to a $1.28/mt rise on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 555.00 | 3.50 | 681.50 | 4.00 |
| Rotterdam | 534.50 | 1.00 | 676.00 | 1.50 |
| Houston | 549.00 | 9.50 | 717.00 | 11.00 |
| Fujairah | 556.00 | 3.00 | 765.50 | 3.50 |
| Global 20 Ports Average | 587.50 | 3.50 | 781.00 | 4.00 |
| Global 4 Ports Average | 548.50 | 4.50 | 710.00 | 5.00 |
| Global Average Bunker Price | 620.50 | 2.50 | 813.50 | 10.50 |
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