World News
BUNKER PRICES: G20-VLSFO Index Drops to Two-Week Low
Bunker fuel prices fell at most ports on Tuesday, with global average VLSFO prices slipping to the lowest level in more than two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $6/mt to $609.50/mt on Tuesday, reaching the lowest level since August 8.
The G20-HSFO Index fell by $6/mt to $506/mt, while the G20-MGO Index sank by $10/mt to $774/mt.
ICE Brent crude futures dropped by $0.46/bl to $77.20/bl on Tuesday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices lost $2/mt to $599.50/mt, at Rotterdam they fell by $9.50/mt to $543/mt, at Fujairah they slipped by $9/mt to $591.50/mt, and at Houston they dropped by $9.50/mt to $550.50/mt.
On Wednesday morning Brent futures were trading down by $0.16/bl from the previous session's close at $77.04/bl as of 6:57 AM in London. In metric tonne terms that would be equivalent to a $1.20/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 569.50 | 0.00 | 680.00 | 0.00 |
| Rotterdam | 515.00 | 1.00 | 674.00 | 2.00 |
| Houston | 550.00 | 2.50 | 678.00 | 6.50 |
| Fujairah | 560.50 | 0.50 | 753.50 | 2.50 |
| Global 20 Ports Average | 586.00 | 0.00 | 761.00 | 2.00 |
| Global 4 Ports Average | 549.00 | 1.00 | 696.50 | 2.00 |
| Global Average Bunker Price | 634.50 | 1.00 | 800.50 | 2.00 |
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