World News
BUNKER PRICES: G20-VLSFO Index Declines for First Session in Three
Bunker fuel prices slipped at most ports on Wednesday, with global average VLSFO prices falling for the first in three sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $2/mt to $662.50/mt on Wednesday, in its first daily decline since the end of last week. The G20-HSFO Index lost $7/mt to $544/mt, while the G20-MGO Index advanced by $1/mt to $950.50/mt.
ICE Brent crude futures fell by $1.83/bl to $85.82/bl on Wednesday.
VLSFO prices at the top ports mostly followed a negative trend. At Singapore prices rose by $5/mt to $655/mt, at Rotterdam they declined by $7/mt to $602/mt, at Fujairah they slipped by $0.50/mt to $639/mt, and at Houston they dropped by $6/mt to $616.50/mt.
On Thursday morning Brent crude futures were trading up by $0.25/bl at $86.07/bl as of 8:18 AM in London. In metric tonne terms that would be equivalent to a $1.88/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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