World News
BUNKER PRICES: G20-VLSFO Index Slips to One-Week Low
Bunker fuel prices declined at most ports on Tuesday, with global average VLSFO prices slipping to the lowest level in almost a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $1/mt to $661.50/mt on Tuesday, reaching the lowest level since August 9. The G20-HSFO Index slipped by $4/mt to $585.50/mt, while the G20-MGO Index dropped by $3/mt to $941.50/mt.
ICE Brent crude futures lost $1.32/bl to $84.89/bl on Tuesday.
VLSFO prices at the top ports had a mixed trend. At Singapore prices rose by $0.50/mt to $651/mt, at Rotterdam they lost $5/mt to $615.50/mt, at Fujairah they advanced by $1/mt to $645.50/mt, and at Houston they sank by $10/mt to $626.50/mt.
On Wendesday morning Brent crude futures were trading down by $0.03/bl at $84.86/bl as of 9:47 AM in London. In metric tonne terms that would be equivalent to a $0.23/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 611.00 | 1.50 | 730.00 | 7.00 |
| Rotterdam | 557.50 | 1.00 | 718.50 | 2.00 |
| Houston | 576.00 | 1.00 | 750.50 | 2.50 |
| Fujairah | 608.50 | 2.50 | 829.00 | 2.00 |
| Global 20 Ports Average | 624.50 | 2.50 | 817.50 | 3.00 |
| Global 4 Ports Average | 588.50 | 0.50 | 757.00 | 2.50 |
| Global Average Bunker Price | 678.50 | 3.50 | 883.50 | 2.00 |
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