World News
BUNKER PRICES: G20-VLSFO Index Slips for Second Day
Bunker fuel prices declined at most ports on Wednesday, with average global VLSFO prices falling for the a second session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $2/mt to $608/mt on Wednesday, reaching the lowest level since Friday. The G20-HSFO Index lost $8/mt to $498.50/mt, while the G20-MGO Index sank by $5/mt to $785/mt.
ICE Brent crude futures gained $1.22/bl to $77.12/bl on Wednesday.
VLSFO prices at the top ports mostly had a negative trend. At Singapore prices fell by $14/mt to $612/mt, at Rotterdam they slipped by $2/mt to $553/mt, at Fujairah they declined by $6/mt to $595/mt, and at Houston they advanced by $11/mt to $545/mt.
On Thursday morning Brent crude futures were trading down by $0.47/bl at $76.65/bl as of 9:39 AM in London. In metric tonne terms that would be equivalent to a $3.54/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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