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 | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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