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 falling for the first in five consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $3/mt to $654/mt on Wednesday, in its first daily decline since August 23. The G20-HSFO Index declined by $3/mt to $570/mt, while the G20-MGO Index rose by $1.50/mt to $974.50/mt.
ICE Brent crude futures gained $0.37/bl to $85.86/bl on Wednesday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices fell by $2/mt to $640/mt, at Rotterdam they gained $1.50/mt to $602.50/mt, at Fujairah they were little changed at $636/mt, and at Houston they climbed by $3.50/mt to $636/mt.
On Thursday morning Brent crude futures were trading up by $0.16/bl at $86.02/bl as of 9:27 AM in London. In metric tonne terms that would be equivalent to a $1.20/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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