Bunker prices mostly declined at ports around the world on Wednesday, with global average VLSFO prices slipping for the fourth consecutive trading session.
Ship & Bunker’s G20-VLSFO Index of prices across 20 leading bunkering ports fell by $/mt to $/mt on Wednesday, remaining at its lowest level since June 12.
The G20-HSFO Index declined by $/mt to $/mt, while the G20-MGO Index sank by $2/mt to $/mt.
ICE Brent crude futures fell by $/bl to $/bl on Wednesday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore, prices fell by $/mt to $/mt, at Rotterdam they dropped by $/mt to $/mt, at Fujairah they sank by $/mt to $/mt, and at Houston they rose by $/mt to $/mt.
On Thursday morning, Brent crude futures were trading up by $/bl from the previous session’s close at $/bl as of 7:22 AM in London. In metric tonne terms, that would be equivalent to a $/mt rise in bunker prices.
