World News
BUNKER PRICES: G20-VLSFO Index Drops to Three-Day Low
Bunker fuel prices declined at most ports on Wednesday, with global average VLSFO prices dropping to the lowest level in three days.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $1.50/mt to $575.50/mt on Wednesday, reaching its lowest level since December 13.
The G20-HSFO Index jumped by $2/mt to $509/mt, while the G20-MGO Index rose by $0.50/mt to $760/mt.
ICE Brent crude futures advanced by $0.20/bl to $73.39/bl on Wednesday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices lost $2/mt to $550/mt, at Rotterdam they advanced by $4/mt to $513.50/mt, at Fujairah they rose by $2/mt to $548.50/mt, and at Houston they slipped by $3/mt to $550.50/mt.
On Thursday morning Brent futures were trading down by $0.28/bl from the previous session's close at $73.11/bl as of 7:00 AM in London. In metric tonne terms that would be equivalent to a $2.11/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 547.50 | 2.50 | 679.50 | 0.50 |
| Rotterdam | 513.50 | 0.00 | 652.00 | 1.00 |
| Houston | 547.00 | 3.50 | 679.00 | 0.50 |
| Fujairah | 544.00 | 4.50 | 747.50 | 1.00 |
| Global 20 Ports Average | 574.50 | 1.00 | 760.50 | 0.50 |
| Global 4 Ports Average | 538.00 | 2.50 | 689.50 | 0.00 |
| Global Average Bunker Price | 626.50 | 0.00 | 804.50 | 0.50 |
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