World News
BUNKER PRICES: G20-VLSFO Index Slips to Two-Week Low
Bunker fuel prices declined at most ports on Tuesday, with average global VLSFO prices dropping to the lowest level in almost two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $4/mt to $584.50/mt on Tuesday, reaching the lowest level since May 17. The G20-HSFO Index lost $5.50/mt to $483.50/mt, while the G20-MGO Index declined by $12/mt to $764.50/mt.
ICE Brent crude futures lost $2.53/bl to $73.54/bl on Tuesday.
VLSFO prices at the top ports had a negative trend. At Singapore prices were little changed at$578/mt, at Rotterdam they declined by $8/mt to $531/mt, at Fujairah they slipped by $4/mt to $561.50/mt, and at Houston they dropped by $6/mt to $525.50/mt.
On Wednesday morning Brent crude futures were trading down by $0.34/bl at $73.20/bl as of 9:33 AM in London. In metric tonne terms that would be equivalent to a $2.56/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 560.50 | 7.00 | 669.00 | 4.00 |
| Rotterdam | 512.50 | 2.00 | 653.00 | 2.00 |
| Houston | 548.00 | 3.00 | 671.00 | 0.00 |
| Fujairah | 549.00 | 6.00 | 747.00 | 0.00 |
| Global 20 Ports Average | 577.50 | 3.50 | 749.50 | 1.50 |
| Global 4 Ports Average | 542.50 | 3.50 | 685.00 | 0.50 |
| Global Average Bunker Price | 628.50 | 1.50 | 800.50 | 1.00 |
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