World News
BUNKER PRICES: G20-VLSFO Index Drops to Four-Month Low
Bunker fuel prices declined at most ports on Wednesday, with global average VLSFO prices sinking to the lowest level in almost four months.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $3.50/mt to $636/mt on Wednesday, reaching the lowest level since January 23. The G20-HSFO Index declined by $1.50/mt to $530/mt, while the G20-MGO Index sank by $4.50/mt to $815.50/mt.
ICE Brent crude futures rose by $0.37/bl to $82.75/bl on Wednesday.
VLSFO prices at the top ports followed a negative trend. At Singapore prices fell by $1/mt to $623.50/mt, at Rotterdam they slipped by $3.50/mt to $566/mt, at Fujairah they declined by $1/mt to $628/mt, and at Houston they dropped by $8/mt to $585/mt.
On Thursday morning Brent futures were trading up by $0.40/bl from the previous session's close at $83.15/bl as of 6:04 AM in London. In metric tonne terms that would be equivalent to a $3.01/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 611.00 | 1.50 | 730.00 | 7.00 |
| Rotterdam | 557.50 | 1.00 | 718.50 | 2.00 |
| Houston | 576.00 | 1.00 | 750.50 | 2.50 |
| Fujairah | 608.50 | 2.50 | 829.00 | 2.00 |
| Global 20 Ports Average | 624.50 | 2.50 | 817.50 | 3.00 |
| Global 4 Ports Average | 588.50 | 0.50 | 757.00 | 2.50 |
| Global Average Bunker Price | 678.50 | 3.50 | 883.50 | 2.00 |
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