Bunker prices mostly fell at ports around the world on Wednesday, with global average VLSFO prices falling for a second consecutive day.
Ship & Bunker’s G20-VLSFO Index of prices across 20 leading bunkering ports lost $/mt to $/mt on Wednesday, reaching its lowest level since October 31.
The G20-HSFO Index sank by $/mt to $/mt, while the G20-MGO Index jumped by $6/mt to $/mt.
ICE Brent crude futures dropped 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 declined by $/mt to $/mt, at Fujairah they slipped by $3/mt to $/mt, and at Houston they climbed by $7/mt to $/mt.
On Thursday morning Brent crude futures were trading up by $/bl from the previous session’s close at $/bl as of 7:54 AM in London. In metric tonne terms that would be equivalent to a $/mt rise in bunker prices.
