World News
BUNKER PRICES: G20-VLSFO Index Drops to One-Week Low
Bunker fuel prices declined at most ports on Wednesday, with global VLSFO prices dropping to the lowest level in a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $5/mt to $675.50/mt on Wednesday, reaching the lowest point since February 8. The G20-HSFO Index slipped by $3/mt to $455.50/mt, while the G20-MGO Index declined by $6.50/mt to $957/mt.
ICE Brent crude futures lost $0.20bl to $85.38/bl on Wednesday.
VLSFO prices at the top ports mostly had a negative trend. At Singapore prices fell by $13/mt to $654/mt, at Rotterdam they declined by $3.50/mt to $592/mt, at Fujairah they sank by $19.50/mt to $645.50/mt and at Houston they fell by $7/mt to $627.50/mt.
On Thursday morning Brent futures were little changed at $85.38/bl as of 9:26 AM in London.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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