World News
BUNKER PRICES: G20-VLSFO Index Declines for Second Day
Bunker prices mostly fell at ports around the world on Wednesday, with global average VLSFO prices falling for a second consecutive day.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $0.50/mt to $494/mt on Wednesday, reaching its lowest level since October 31.
The G20-HSFO Index sank by $0.50/mt to $434/mt, while the G20-MGO Index jumped by $6/mt to $779.50/mt.
ICE Brent crude futures dropped by $0.92/bl to $63.52/bl on Wednesday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $1.50/mt to $466.50/mt, at Rotterdam they declined by $1.50/mt to $433.50/mt, at Fujairah they slipped by $3/mt to $459.50/mt, and at Houston they climbed by $7mt to $451.50/mt.
On Thursday morning Brent crude futures were trading up by $0.24/bl from the previous session's close at $63.76/bl as of 7:54 AM in London. In metric tonne terms that would be equivalent to a $1.81/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 466.50 | 1.50 | 732.50 | 1.50 |
| Rotterdam | 433.50 | 1.50 | 711.50 | 8.00 |
| Houston | 451.50 | 7.00 | 697.00 | 19.50 |
| Fujairah | 459.50 | 3.00 | 746.00 | 9.50 |
| Global 20 Ports Average | 494.00 | 0.50 | 779.50 | 6.00 |
| Global 4 Ports Average | 452.50 | 0.00 | 721.50 | 9.00 |
| Global Average Bunker Price | 530.00 | 2.00 | 818.50 | 4.00 |
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