World News
BUNKER PRICES: G20-VLSFO Index Drops to One-Week Low
Bunker fuel prices mostly declined at ports around the world on Wednesday, with global average VLSFO prices slipping to the lowest level in a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $2.50/mt to $613/mt on Wednesday, reaching its lowest level since January 15.
The G20-HSFO Index fell by $1/mt to $516/mt, while the G20-MGO Index slipped by $6/mt to $804/mt.
ICE Brent crude futures fell by $0.29/bl to $79/bl on Wednesday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices slipped by $9.50/mt to $600.50/mt, at Rotterdam they fell by $4/mt to $550.50/mt, at Fujairah they sank by $4/mt to $589/mt, and at Houston they dropped by $9.50/mt to $581.50/mt.
On Thursday morning Brent futures were trading down by $0.37bl from the previous session's close at $78.63/bl as of 6:48 AM in London. In metric tonne terms that would be equivalent to a $2.79/mt fall on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 600.50 | 9.50 | 730.50 | 10.50 |
| Rotterdam | 550.50 | 4.00 | 705.50 | 3.50 |
| Houston | 581.50 | 9.50 | 769.00 | 3.00 |
| Fujairah | 589.00 | 4.00 | 774.00 | 4.00 |
| Global 20 Ports Average | 613.00 | 2.50 | 804.00 | 6.00 |
| Global 4 Ports Average | 580.50 | 6.50 | 745.00 | 5.00 |
| Global Average Bunker Price | 656.00 | 0.00 | 844.00 | 4.50 |
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