World News
BUNKER PRICES: G20-VLSFO Index Slips for First Session in Three
Bunker fuel prices slipped at most ports on Wednesday, with global average VLSFO prices declining for the first in three consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $1/mt to $673.50/mt on Wednesday, in its first daily decline since November 17. The G20-HSFO Index rose by $3.50/mt to $526.50/mt, while the G20-MGO Index jumped by $5.50/mt to $892/mt.
ICE Brent crude futures sank by $0.49/bl to $81.96/bl on Wednesday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices fell by $1.50/mt to $715.50/mt, at Rotterdam they lost $3.50/mt to $593/mt, at Fujairah they advanced by $8/mt to $682/mt, and at Houston they jumped by $2.50/mt to $570.50/mt.
On Thursday morning Brent crude futures were trading down by $0.56/bl at $81.40/bl as of 8:11 AM in London. In metric tonne terms that would be equivalent to a $4.22/mt fall 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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