World News
BUNKER PRICES: G20-VLSFO Index Drops to Six-Day Low
Bunker fuel prices declined at most ports on Wednesday, with global average VLSFO prices falling to the lowest level in almost a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $2/mt to $588.50/mt on Wednesday, reaching the lowest level since September 12.
The G20-HSFO Index was little changed at $483/mt, while the G20-MGO Index rose by $1.50/mt to $730/mt.
ICE Brent crude futures slipped by $0.05/bl to $73.65/bl on Wednesday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices lost $5.50/mt to $581.50/mt, at Rotterdam they fell by $0.50/mt to $507/mt, at Fujairah they slipped by $2.50/mt to $572/mt, and at Houston they advanced by $2.50/mt to $516/mt.
On Thursday morning Brent futures were trading up by $0.06/bl from the previous session's close at $73.71/bl as of 5:52 AM in London. In metric tonne terms that would be equivalent to a $0.45/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 581.50 | 5.50 | 623.00 | 1.50 |
| Rotterdam | 507.00 | 0.50 | 613.50 | 2.50 |
| Houston | 516.00 | 2.50 | 648.50 | 6.50 |
| Fujairah | 572.00 | 2.50 | 776.50 | 2.00 |
| Global 20 Ports Average | 588.50 | 2.00 | 730.00 | 1.50 |
| Global 4 Ports Average | 544.00 | 1.50 | 665.50 | 3.00 |
| Global Average Bunker Price | 633.50 | 1.50 | 802.00 | 0.50 |
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