World News
BUNKER PRICES: G20-VLSFO Index Slips to One-Week Low
Bunker fuel prices declined at most ports on Tuesday, with global average VLSFO prices slipping to the lowest level in almost a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $3/mt to $682/mt on Tuesday, reaching the lowest level since September 14. The G20-HSFO Index fell by $9/mt to $592/mt, while the G20-MGO Index dropped by $8/mt to $1,013.50/mt.
ICE Brent crude futures lost $0.09/bl to $94.34/bl on Tuesday.
VLSFO prices at the top ports followed a negative trend. At Singapore prices lost $4/mt to $674/mt, at Rotterdam they dropped by $3.50/mt to $636.50/mt, at Fujairah they declined by $1.50/mt to $665/mt, and at Houston they slipped by $0.50/mt to $672/mt.
On Wednesday morning Brent crude futures were trading down by $1.00/bl at $93.34/bl as of 9:10 AM in London. In metric tonne terms that would be equivalent to a $7.53/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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