World News
BUNKER PRICES: G20-VLSFO Index Drops to Three-Day Low
Bunker fuel prices declined at most ports on Tuesday, with global average VLSFO prices slipping to the lowest level in three days.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $4/mt to $662/mt on Tuesday, reaching the lowest level since April 25. The G20-HSFO Index was little changed at $551/mt, while the G20-MGO Index lost $5/mt to $851/mt.
ICE Brent crude futures fell by $0.87/bl to $86.33/bl on Tuesday.
VLSFO prices at the top ports followed a negative trend. At Singapore prices fell by $3.50/mt to $645.50/mt, at Rotterdam they declined by $2/mt to $600.50/mt, at Fujairah they slipped by $6/mt to $642.50/mt, and at Houston they dropped by $11/mt to $619.50/mt.
On Wednesday morning Brent futures were trading down by $0.83/bl from the previous session's close at $85.50/bl as of 7:59 AM in London. In metric tonne terms that would be equivalent to a $6.25/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 581.50 | 5.50 | 623.00 | 1.50 |
| Rotterdam | 507.00 | 0.50 | 613.50 | 2.50 |
| Houston | 516.00 | 2.50 | 648.50 | 6.50 |
| Fujairah | 572.00 | 2.50 | 776.50 | 2.00 |
| Global 20 Ports Average | 588.50 | 2.00 | 730.00 | 1.50 |
| Global 4 Ports Average | 544.00 | 1.50 | 665.50 | 3.00 |
| Global Average Bunker Price | 633.50 | 1.50 | 802.00 | 0.50 |
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