World News
BUNKER PRICES: G20-VLSFO Index Drops to One-Week Low
Bunker fuel prices declined at most ports on Wednesday, with global average 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 $660.50/mt on Wednesday, reaching the lowest level since February 14. The G20-HSFO Index advanced by $0.50/mt to $509/mt, while the G20-MGO Index fell by $7/mt to $886.50/mt.
ICE Brent crude futures rose by $0.69/bl to $83.03/bl on Wednesday.
VLSFO prices at the top ports mostly followed a negative trend. At Singapore prices fell by $3.50/mt to $640.50/mt, at Rotterdam they were little changed at $578.50/mt, at Fujairah they declined by $8.50/mt to $624.50/mt, and at Houston they slipped by $3/mt to $635.50/mt.
On Thursday morning Brent futures were trading up by $0.24/bl from the previous session's close at $83.27/bl as of 9:47 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 | 624.50 | 1.00 | 732.00 | 8.50 |
| Rotterdam | 571.00 | 3.00 | 758.00 | 16.50 |
| Houston | 591.50 | 4.00 | 760.00 | 5.50 |
| Fujairah | 629.00 | 0.50 | 877.50 | 3.00 |
| Global 20 Ports Average | 637.00 | 0.00 | 819.00 | 3.00 |
| Global 4 Ports Average | 604.00 | 0.00 | 782.00 | 5.50 |
| Global Average Bunker Price | 688.00 | 2.50 | 879.00 | 1.00 |
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