World News
BUNKER PRICES: G20-VLSFO Index Drops for Fourth Day
Bunker fuel prices declined at most ports on Tuesday, with global average VLSFO prices dropping for a fourth consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $2.50/mt to $570/mt on Tuesday, reaching the lowest level since September 2021.
The G20-HSFO Index jumped by $6.50/mt to $494.50/mt, while the G20-MGO Index slipped by $2/mt to $746.50/mt.
ICE Brent crude futures rose by $0.05/bl to $72.19/bl on Tuesday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices lost $7.50/mt to $535/mt, at Rotterdam they declined by $3/mt to $500.50/mt, at Fujairah they fell by $4.50/mt to $532/mt, and at Houston they rallied by $1.50/mt to $540/mt.
On Wednesday morning Brent futures were trading up by $0.64/bl from the previous session's close at $72.83/bl as of 9:57 AM in London. In metric tonne terms that would be equivalent to a $4.82/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 539.00 | 4.00 | 664.50 | 6.00 |
| Rotterdam | 501.00 | 0.50 | 641.50 | 2.50 |
| Houston | 543.50 | 3.50 | 662.50 | 1.50 |
| Fujairah | 535.50 | 3.50 | 744.50 | 1.50 |
| Global 20 Ports Average | 571.00 | 1.00 | 746.50 | 0.00 |
| Global 4 Ports Average | 529.50 | 2.50 | 678.00 | 2.50 |
| Global Average Bunker Price | 621.50 | 1.00 | 801.50 | 1.00 |
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