World News
BUNKER PRICES: G20-VLSFO Index Drops for Third Day
Bunker fuel prices fell at most ports on Wednesday, with global average VLSFO prices declining for a third consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $3/mt to $605.50/mt on Wednesday, remaining at the lowest level since October 3.
The G20-HSFO Index rose by $1/mt to $502.50/mt, while the G20-MGO Index fell by $9/mt to $743.50/mt.
ICE Brent crude futures slipped by $0.03/bl to $74.22/bl on Wednesday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices lost $3/mt to $591.50/mt, at Rotterdam they declined by $2.50/mt to $552.50/mt, at Fujairah they dropped by $4/mt to $582.50/mt, and at Houston they slipped by $7/mt to $535.50/mt.
On Thursday morning Brent futures were trading up by $0.28/bl from the previous session's close at $74.50/bl as of 10:19 AM in London. In metric tonne terms that would be equivalent to a $2.11/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 589.50 | 2.00 | 651.50 | 2.00 |
| Rotterdam | 552.50 | 5.00 | 650.50 | 3.00 |
| Houston | 537.50 | 2.00 | 658.50 | 8.00 |
| Fujairah | 578.50 | 4.00 | 760.50 | 2.00 |
| Global 20 Ports Average | 605.00 | 0.50 | 744.00 | 0.50 |
| Global 4 Ports Average | 564.50 | 0.00 | 680.00 | 1.50 |
| Global Average Bunker Price | 647.50 | 1.50 | 811.00 | 1.50 |
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