World News
BUNKER PRICES: G20-VLSFO Index Slips for Third Day
Bunker prices mostly declined at ports around the world on Tuesday, with global average VLSFO prices falling for a third consecutive trading session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports sank by $0.50/mt to $514.50/mt on Tuesday, reaching its lowest level since May 5.
The G20-HSFO Index jumped by $1.50/mt to $442.50/mt, while the G20-MGO Index dropped by $1.50/mt to $763/mt.
ICE Brent crude futures rose by $1.06/bl to $67.63/bl on Tuesday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices rose by $4/mt to $484/mt, at Rotterdam they declined by $2.50/mt to $453.50/mt, at Fujairah they advanced by $0.50/mt to $481.50/mt, and at Houston they jumped by $3.50mt to $483/mt.
On Wednesday morning Brent crude futures were trading up by $0.17/bl from the previous session's close at $67.80/bl as of 4:26 AM in London. In metric tonne terms that would be equivalent to a $1.28/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 484.00 | 4.00 | 677.50 | 2.50 |
| Rotterdam | 453.50 | 2.50 | 672.50 | 1.50 |
| Houston | 483.00 | 3.50 | 685.50 | 8.00 |
| Fujairah | 481.50 | 0.50 | 728.50 | 1.50 |
| Global 20 Ports Average | 514.50 | 0.50 | 763.00 | 1.50 |
| Global 4 Ports Average | 475.50 | 1.50 | 691.00 | 1.50 |
| Global Average Bunker Price | 549.50 | 0.00 | 800.50 | 3.50 |
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