World News
BUNKER PRICES: G20-VLSFO Index Posts Biggest Monthly Decline Since November
Bunker fuel prices declined at most ports on Tuesday, with global VLSFO prices ending February at the biggest monthly decline since November.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $2/mt to $639/mt on Tuesday, taking its overall decline last month to $51/mt. The G20-HSFO Index rose by $1/mt to $452.50/mt, while the G20-MGO Index declined by $4/mt to $908.50/mt.
ICE Brent crude futures gained $1.41bl to $83.45/bl on Tuesday.
VLSFO prices at the top ports had a mixed performance. At Singapore prices dropped by $14/mt to $592.50/mt, at Rotterdam they slipped by $0.50/mt to $568.50/mt, at Fujairah they climbed by $6/mt to $610.50/mt and at Houston they jumped by $16/mt to $633.50/mt.
On Wednesday morning Brent futures were trading down by $0.20/bl at $83.25/bl as of 9:31 AM in London. In metric tonner terms that would amount to a $1.51/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 648.00 | 2.00 | 808.00 | 10.00 |
| Rotterdam | 613.50 | 4.50 | 792.00 | 21.50 |
| Houston | 646.00 | 3.00 | 851.00 | 13.50 |
| Fujairah | 647.50 | 1.50 | 900.00 | 0.50 |
| Global 20 Ports Average | 672.50 | 0.50 | 896.50 | 0.50 |
| Global 4 Ports Average | 638.50 | 2.00 | 838.00 | 4.00 |
| Global Average Bunker Price | 727.00 | 2.00 | 943.00 | 2.00 |
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