World News
BUNKER PRICES: G20-VLSFO Index Drops for Second Session
Bunker fuel prices slipped at most ports on Wednesday, with global average VLSFO prices dropping for a second consecutive session to the lowest level in almost 15 weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $5/mt to $639/mt on Wednesday, reaching the lowest level since January 23. The G20-HSFO Index dropped by $4/mt to $533.50/mt, while the G20-MGO Index slipped by $4/mt to $821.50/mt.
ICE Brent crude futures rose by $0.42/bl to $83.58/bl on Wednesday.
VLSFO prices at the top ports followed a negative trend. At Singapore prices fell by $7/mt to $621/mt, at Rotterdam they dropped by $2.50/mt to $566.50/mt, at Fujairah they declined by $5.50/mt to $621/mt, and at Houston they slipped by $1.50/mt to $589.50/mt.
On Thursday morning Brent futures were trading up by $0.26/bl from the previous session's close at $83.84/bl as of 7:06 AM in London. In metric tonne terms that would be equivalent to a $1.96/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 624.50 | 1.00 | 732.00 | 8.50 |
| Rotterdam | 571.00 | 3.00 | 758.00 | 16.50 |
| Houston | 591.50 | 4.00 | 760.00 | 5.50 |
| Fujairah | 629.00 | 0.50 | 877.50 | 3.00 |
| Global 20 Ports Average | 637.00 | 0.00 | 819.00 | 3.00 |
| Global 4 Ports Average | 604.00 | 0.00 | 782.00 | 5.50 |
| Global Average Bunker Price | 688.00 | 2.50 | 879.00 | 1.00 |
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