World News
BUNKER PRICES: G20-VLSFO Index Slips for Third Day
Bunker fuel prices fell at most ports on Tuesday, with average global VLSFO prices declining for a third consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $1.50/mt to $585/mt on Tuesday, remaining at the lowest level since June 2. The G20-HSFO Index gained $1/mt to $480.50/mt, while the G20-MGO Index declined by $6/mt to $764/mt.
ICE Brent crude futures gained $2.45/bl to $74.29/bl on Tuesday.
VLSFO prices at the top ports had a mixed trend. At Singapore prices fell by $2/mt to $570/mt, at Rotterdam they slipped by $4/mt to $530/mt, at Fujairah they advanced by $2/mt to $558/mt, and at Houston they jumped by $14/mt to $542/mt.
On Wednesday morning Brent crude futures were trading up by $0.60/bl at $74.89/bl as of 9:15 AM in London. In metric tonne terms that would be equivalent to a $4.52/mt rise 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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