World News
BUNKER PRICES: G20-VLSFO Index Drops to Two-Week Low
Bunker fuel prices fell at most ports on Wednesday, with global average VLSFO prices sinking to the lowest level in almost two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $5.50/mt to $669.50/mt on Wednesday, reaching the lowest level since October 12. The G20-HSFO Index lost $6.50/mt to $545/mt, while the G20-MGO Index slipped by $6/mt to $946/mt.
ICE Brent crude futures jumped by $2.06/bl to $90.13/bl on Wednesday.
VLSFO prices at the top ports followed a negative trend. At Singapore prices fell by $5.50/mt to $661/mt, at Rotterdam they lost $4.50/mt to $609/mt, at Fujairah they declined by $2.50/mt to $651.50/mt, and at Houston they sank by $3.50/mt to $623.50/mt.
On Thursday morning Brent crude futures were trading down by $0.53/bl at $89.60/bl as of 7:25 AM in London. In metric tonne terms that would be equivalent to a $3.99/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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