World News
BUNKER PRICES: G20-VLSFO Index Drops for Second Day
Bunker fuel prices were mixed in direction at ports around the world on Tuesday, with global average VLSFO prices slipping slightly overall despite a rise in crude futures.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $0.50/mt to $594.50/mt on Tuesday, reaching its lowest level since February 13.
The G20-HSFO Index rose by $1/mt to $514/mt, while the G20-MGO Index advanced by $3/mt to $787.50/mt.
ICE Brent crude futures climbed by $0.62/bl to $75.84/bl on Tuesday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $2/mt to $570.50mt, at Rotterdam they lost $0.50/mt to $538/mt, at Fujairah they declined by $0.50/mt to $567/mt, and at Houston they jumped by $9/mt to $558/mt.
On Wednesday morning Brent futures were trading up by $0.25/bl from the previous session's close at $76.09/bl as of 6:56 AM in London. In metric tonne terms that would be equivalent to a $1.88/mt rise on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 573.50 | 1.00 | 695.00 | 3.00 |
| Rotterdam | 542.00 | 2.00 | 686.50 | 6.50 |
| Houston | 565.50 | 5.00 | 738.50 | 12.50 |
| Fujairah | 569.50 | 0.50 | 773.50 | 3.00 |
| Global 20 Ports Average | 598.00 | 1.50 | 787.00 | 8.50 |
| Global 4 Ports Average | 562.50 | 1.50 | 723.50 | 6.50 |
| Global Average Bunker Price | 640.50 | 0.50 | 831.00 | 2.00 |
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