World News
BUNKER PRICES: G20-VLSFO Index Declines With Crude
Bunker prices mostly fell at ports around the world on Tuesday, with global average VLSFO prices following crude futures lower.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $0.50/mt to $494.50/mt on Tuesday, having reached its highest level since October 28 the previous day.
The G20-HSFO Index sank by $3.50/mt to $434.50/mt, while the G20-MGO Index declined by $6.50/mt to $773.50/mt.
ICE Brent crude futures dropped by $0.45/bl to $64.44/bl on Tuesday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $3.50/mt to $468/mt, at Rotterdam they advanced by $1/mt to $435/mt, at Fujairah they slipped by $2/mt to $462.50/mt, and at Houston they dropped by $1.50/mt to $444.50/mt.
On Wednesday morning Brent crude futures were trading down by $0.09/bl from the previous session's close at $64.35/bl as of 7:25 AM in London. In metric tonne terms that would be equivalent to a $0.68/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 468.00 | 3.50 | 734.00 | 3.00 |
| Rotterdam | 435.00 | 1.00 | 703.50 | 1.50 |
| Houston | 444.50 | 1.50 | 677.50 | 3.00 |
| Fujairah | 462.50 | 2.00 | 736.50 | 10.50 |
| Global 20 Ports Average | 494.50 | 0.50 | 773.50 | 6.50 |
| Global 4 Ports Average | 452.50 | 1.50 | 712.50 | 3.50 |
| Global Average Bunker Price | 532.00 | 1.50 | 814.50 | 2.50 |
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