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 | 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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