Bunker prices mostly fell at ports around the world on Tuesday, with global average VLSFO prices dropping for a fifth consecutive trading session.
Ship & Bunker’s G20-VLSFO Index of prices across 20 leading bunkering ports lost $4/mt to $/mt on Tuesday, remaining at its lowest level since February 2021.
The G20-HSFO Index slipped by $/mt to $/mt, while the G20-MGO Index declined by $12/mt to $/mt.
ICE Brent crude futures dropped by $/bl to $/bl on Tuesday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $/mt to $/mt, at Rotterdam they lost $3/mt to $/mt, at Fujairah they were little changed at $/mt, and at Houston they slipped by $6/mt to $/mt.
On Wednesday morning Brent crude futures were trading up by $/bl from the previous session’s close at $/bl as of 5:01 AM in London. In metric tonne terms that would be equivalent to a $/mt rise in bunker prices.
