World News
BUNKER PRICES: G20-VLSFO Index Drops to One-Week Low
Bunker fuel prices declined at most ports on Wednesday, with global average VLSFO prices slipping to the lowest level in more than a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $5/mt to $656.50/mt on Wednesday, reaching the lowest level since August 8. The G20-HSFO Index was little changed at $585.50/mt, while the G20-MGO Index advanced by $6/mt to $947.50/mt.
ICE Brent crude futures lost $1.44/bl to $83.45/bl on Wednesday.
VLSFO prices at the top ports had a negative trend. At Singapore prices fell by $3.50/mt to $647.50/mt, at Rotterdam they lost $5.50/mt to $610/mt, at Fujairah they declined by $4.50/mt to $641/mt, and at Houston they sank by $2/mt to $624.50/mt.
On Thursday morning Brent crude futures were trading up by $0.21/bl at $83.66/bl as of 9:40 AM in London. In metric tonne terms that would be equivalent to a $1.58/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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