World News
BUNKER PRICES: G20-VLSFO Index Drops to One-Week Low
Bunker fuel prices declined at most ports on Tuesday, 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 $4/mt to $673/mt on Tuesday, reaching the lowest level since April 2. The G20-HSFO Index fell by $2/mt to $544/mt, while the G20-MGO Index slipped by $5/mt to $899/mt.
ICE Brent crude futures lost $0.96/bl to $89.42/bl on Tuesday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices advanced by $2/mt to $652.50/mt, at Rotterdam they lost $3.50/mt to $615.50/mt, at Fujairah they rose by $1.50/mt to $650.50/mt, and at Houston they fell by $9.50/mt to $647/mt.
On Wednesday morning Brent futures were trading up by $0.02/bl from the previous session's close at $89.44/bl as of 6:09 AM in London. In metric tonne terms that would be equivalent to a $0.15/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.00 | 0.50 | 775.00 | 3.50 |
| Rotterdam | 603.50 | 1.50 | 759.50 | 11.50 |
| Houston | 626.50 | 2.50 | 794.00 | 2.00 |
| Fujairah | 649.00 | 0.50 | 904.50 | 6.50 |
| Global 20 Ports Average | 664.00 | 2.00 | 855.00 | 0.00 |
| Global 4 Ports Average | 632.00 | 1.00 | 808.00 | 4.00 |
| Global Average Bunker Price | 716.50 | 1.00 | 901.00 | 12.50 |
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