World News
BUNKER PRICES: G20-VLSFO Index Declines Despite Jump in Crude
Bunker prices mostly declined at ports around the world on Tuesday, with global average VLSFO prices paring the previous day's gains.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $0.50/mt to $531/mt on Tuesday, having gained $3.50/mt the previous day.
The G20-HSFO Index jumped by $5.50/mt to $462/mt, while the G20-MGO Index advanced by $2/mt to $710/mt.
ICE Brent crude futures climbed by $1.00/bl to $65.63/bl on Tuesday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices rose by $1/mt to $506/mt, at Rotterdam they advanced by $2.50/mt to $474.50/mt, at Fujairah they slipped by $2.50/mt to $496/mt, and at Houston they climbed by $6.50/mt to $474.50/mt.
On Wednesday morning Brent crude futures were trading down by $0.25/bl from the previous session's close at $65.38/bl as of 6:14 AM in London. In metric tonne terms that would be equivalent to a $1.88/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 522.00 | 8.00 | 660.50 | 2.50 |
| Rotterdam | 497.00 | 8.00 | 684.50 | 20.50 |
| Houston | 479.50 | 31.50 | 679.00 | 12.00 |
| Fujairah | 515.00 | 3.00 | 723.50 | 5.50 |
| Global 20 Ports Average | 557.50 | 5.00 | 761.50 | 7.50 |
| Global 4 Ports Average | 503.50 | 8.50 | 687.00 | 0.50 |
| Global Average Bunker Price | 595.50 | 7.50 | 803.50 | 9.00 |
Popular Now More
-
Jun 24The firm's pre-tax profit from continuing operations was down by 63.8% from 2023/24 in what it characterises as 'a very demanding year'. -
Jun 20HRH Prince Abdulaziz Al Saud bin Turki has launched a new marine fuel trading firm, Eleven Energy, with offices in Saudi Arabia and Rotterdam, a company representative tells Ship & Bunker -
Jun 23The application was filed on June 5 and will be heard in a Singapore High Court sitting on June 27.