World News
BUNKER PRICES: G20-VLSFO Index Declines for Third Day
Bunker prices mostly sank at ports around the world on Tuesday, with global average VLSFO prices dropping for a third consecutive trading session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports sank by $6/mt to $495.50/mt on Tuesday, reaching its lowest level since April 2021.
The G20-HSFO Index declined by $8/mt to $434/mt, while the G20-MGO Index lost $5.50/mt to $748/mt.
ICE Brent crude futures dropped by $0.93/bl to $62.39/bl on Tuesday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices fell by $6/mt to $453/mt, at Rotterdam they declined by $2/mt to $428/mt, at Fujairah they sank by $16/mt to $450/mt, and at Houston they dropped by $8.50/mt to $443/mt.
On Wednesday morning Brent crude futures were trading down by $0.23/bl from the previous session's close at $62.16/bl as of 5:53 AM in London. In metric tonne terms that would be equivalent to a $1.73/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 453.00 | 6.00 | 666.00 | 6.50 |
| Rotterdam | 428.00 | 2.00 | 647.00 | 8.00 |
| Houston | 443.00 | 8.50 | 659.50 | 3.00 |
| Fujairah | 450.00 | 16.00 | 719.50 | 12.00 |
| Global 20 Ports Average | 495.50 | 6.00 | 748.00 | 5.50 |
| Global 4 Ports Average | 443.50 | 8.00 | 673.00 | 7.50 |
| Global Average Bunker Price | 539.00 | 6.50 | 786.00 | 6.00 |
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