World News
BUNKER PRICES: G20-VLSFO Index Declines With Crude
Bunker prices mostly declined at ports around the world on Tuesday, with global average VLSFO prices following crude futures lower.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $0.50/mt to $557/mt on Tuesday, paring the previous day's $3.50/mt gain.
The G20-HSFO Index fell by $2/mt to $464.50/mt, while the G20-MGO Index declined by $13.50/mt to $773.50/mt.
ICE Brent crude futures dropped by $0.50/bl to $68.71/bl on Tuesday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices fell by $2.50/mt to $525.50/mt, at Rotterdam they declined by $9/mt to $507.50/mt, at Fujairah they slipped by $3/mt to $518.50/mt, and at Houston they dropped by $8.50/mt to $498/mt.
On Wednesday morning Brent crude futures were trading up by $0.28/bl from the previous session's close at $68.99/bl as of 6:13 AM in London. In metric tonne terms that would be equivalent to a $2.11/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 516.50 | 3.00 | 692.50 | 3.50 |
| Rotterdam | 506.00 | 1.50 | 713.50 | 14.00 |
| Houston | 501.50 | 0.00 | 732.50 | 10.00 |
| Fujairah | 511.00 | 3.00 | 750.00 | 2.50 |
| Global 20 Ports Average | 550.00 | 0.50 | 775.00 | 1.50 |
| Global 4 Ports Average | 508.50 | 2.00 | 722.00 | 1.50 |
| Global Average Bunker Price | 588.00 | 0.00 | 818.50 | 2.50 |
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