World News
BUNKER PRICES: G20-VLSFO Index Drops for Third Day
Bunker fuel prices sank at most ports on Wednesday, with global average VLSFO prices falling to the lowest level in five weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports dropped by $3/mt to $623/mt on Wednesday, reaching the lowest level since June 17.
The G20-HSFO Index declined by $7/mt to $526/mt, while the G20-MGO Index sank by $0.50/mt to $815.50/mt.
ICE Brent crude futures jumped by $0.70/bl to $81.71/bl on Wednesday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices were little changed at $612.50/mt, at Rotterdam they fell by $4/mt to $562/mt, at Fujairah they declined by $6/mt to $608.50/mt, and at Houston they dropped by $3.50/mt to $581.50/mt.
On Thursday morning Brent futures were trading down by $0.66/bl from the previous session's close at $81.05/bl as of 6:38 AM in London. In metric tonne terms that would be equivalent to a $4.97/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 569.50 | 0.00 | 680.00 | 0.00 |
| Rotterdam | 515.00 | 1.00 | 674.00 | 2.00 |
| Houston | 550.00 | 2.50 | 678.00 | 6.50 |
| Fujairah | 560.50 | 0.50 | 753.50 | 2.50 |
| Global 20 Ports Average | 586.00 | 0.00 | 761.00 | 2.00 |
| Global 4 Ports Average | 549.00 | 1.00 | 696.50 | 2.00 |
| Global Average Bunker Price | 634.50 | 1.00 | 800.50 | 2.00 |
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