World News
BUNKER PRICES: G20-VLSFO Index Drops to One-Month Low
Bunker fuel prices resumed their decline at most ports on Wednesday, with average global VLSFO prices dropping to the lowest level in almost a month.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $8/mt to $609/mt on Wednesday, reaching the lowest level since March 30. The G20-HSFO Index lost $4/mt to $506.50/mt, while the G20-MGO Index dropped by $8/mt to $826.50/mt.
ICE Brent crude futures lost $3.08/bl to $77.69/bl on Wednesday.
VLSFO prices at the top ports had a negative trend. At Singapore prices dropped by $5.50/mt to $600/mt, at Rotterdam they declined by $8.50/mt to $554/mt, at Fujairah they fell by $9.50/mt to $586.50/mt and at Houston they slipped by $4.50/mt to $566/mt.
On Thursday morning Brent crude futures were trading up by $0.66/bl at $78.35/bl as of 9:52 AM in London. In metric tonne terms that would be equivalent to a $4.97/mt rise in bunker prices.
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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