World News
BUNKER PRICES: G20-VLSFO Index Declines for Fourth Day
Bunker prices mostly declined at ports around the world on Wednesday, with global average VLSFO prices slipping for fourth consecutive trading session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $2.50/mt to $547/mt on Wednesday, remaining at its lowest level since June 12.
The G20-HSFO Index declined by $3.50/mt to $462/mt, while the G20-MGO Index sank by $2/mt to $771/mt.
ICE Brent crude futures fell by $0.08/bl to $68.51/bl on Wednesday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $0.50/mt to $515/mt, at Rotterdam they dropped by $2.50/mt to $506.50/mt, at Fujairah they sank by $3.50/mt to $507.50/mt, and at Houston they rose by $0.50/mt to $501/mt.
On Thursday morning Brent crude futures were trading up by $0.60/bl from the previous session's close at $69.11/bl as of 7:22 AM in London. In metric tonne terms that would be equivalent to a $4.52/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 517.00 | 2.00 | 690.00 | 0.50 |
| Rotterdam | 510.00 | 3.50 | 725.00 | 3.50 |
| Houston | 499.00 | 2.00 | 703.00 | 10.50 |
| Fujairah | 509.00 | 1.50 | 743.50 | 1.00 |
| Global 20 Ports Average | 548.50 | 1.50 | 773.00 | 2.00 |
| Global 4 Ports Average | 508.50 | 1.00 | 715.50 | 1.00 |
| Global Average Bunker Price | 583.50 | 0.50 | 820.00 | 0.50 |
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