Bunker prices mostly declined at ports around the world on Wednesday, with global average VLSFO prices slipping for the first in three days.
Ship & Bunker’s G20-VLSFO Index of prices across 20 leading bunkering ports fell by $/mt to $/mt on Wednesday, having reached its highest level since October 1 the previous day.
The G20-HSFO Index advanced by $/mt to $/mt, while the G20-MGO Index was little changed at $/mt.
ICE Brent crude futures jumped by $/bl to $/bl on Wednesday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $1/mt to $/mt, at Rotterdam they were little changed at $/mt, at Fujairah they sank by $2/mt to $/mt, and at Houston they fell 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 6:47 AM in London. In metric tonne terms that would be equivalent to a $/mt rise in bunker prices.
