World News
BUNKER PRICES: G20-VLSFO Index Sinks for Fourth Day
Bunker prices mostly declined at ports around the world on Wednesday, with global average VLSFO prices dropping for a fourth consecutive day.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $2.50/mt to $543.50/mt on Wednesday, remaining at its lowest level since June 12.
The G20-HSFO Index was little changed at $464/mt, while the G20-MGO Index dropped by $1/mt to $750.50/mt.
ICE Brent crude futures fell by $0.75/bl to $66.89/bl on Wednesday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $2.50/mt to $515/mt, at Rotterdam they sank by $4.50/mt to $488/mt, at Fujairah they slipped by $3/mt to $506/mt, and at Houston they rose by $1.50/mt to $496.50/mt.
On Thursday morning Brent crude futures were trading up by $0.61/bl from the previous session's close at $67.50/bl as of 5:42 AM in London. In metric tonne terms that would be equivalent to a $4.59/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 506.00 | 7.00 | 661.00 | 2.00 |
| Rotterdam | 480.00 | 0.50 | 667.50 | 2.50 |
| Houston | 490.50 | 1.00 | 647.50 | 3.00 |
| Fujairah | 497.00 | 4.50 | 726.50 | 0.00 |
| Global 20 Ports Average | 537.00 | 4.00 | 756.50 | 10.00 |
| Global 4 Ports Average | 493.50 | 2.50 | 675.50 | 0.50 |
| Global Average Bunker Price | 577.00 | 3.00 | 797.50 | 0.50 |
Popular Now More
-
Aug 11Statkraft has secured a lease on land in Shetland for a 400 MW green hydrogen-to-ammonia plant. -
Aug 11The company is looking for candidates with prior experience as a bunker trader or as a trader at a physical supply firm. -
Aug 04World Kinect posted a loss of $25.6 million from its marine fuels segment in Q2 after an asset impairment that cost it $32 million.