World News
BUNKER PRICES: G20-VLSFO Index Slips for First Session in Five
Bunker fuel prices declined at most ports on Wednesday, with global average VLSFO prices dropping for the first in five consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $2.50/mt to $606.50/mt on Wednesday, having reached the highest level since September 6 the previous day.
The G20-HSFO Index rose by $0.50/mt to $483.50/mt, while the G20-MGO Index slipped by $3.50/mt to $736.50/mt.
ICE Brent crude futures sank by $1.71/bl to $73.46/bl on Wednesday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices lost $3.50/mt to $606.50/mt, at Rotterdam they rose by $1/mt to $536/mt, at Fujairah they slipped by $4.50/mt to $590.50/mt, and at Houston they declined by $2/mt to $521/mt.
On Thursday morning Brent futures were trading down by $2.58/bl from the previous session's close at $70.88/bl as of 7:14 AM in London. In metric tonne terms that would be equivalent to a $19.43/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 591.50 | 15.00 | 633.00 | 11.00 |
| Rotterdam | 525.00 | 11.00 | 628.50 | 9.00 |
| Houston | 505.50 | 15.50 | 638.50 | 12.00 |
| Fujairah | 577.50 | 13.00 | 768.50 | 17.00 |
| Global 20 Ports Average | 597.50 | 9.00 | 728.50 | 8.00 |
| Global 4 Ports Average | 550.50 | 13.00 | 666.50 | 13.00 |
| Global Average Bunker Price | 643.50 | 4.00 | 806.00 | 2.50 |
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