Bunker prices mostly declined at ports around the world on Tuesday, with global average VLSFO prices slipping for a second day and following crude futures lower.
Ship & Bunker’s G20-VLSFO Index of prices across 20 leading bunkering portsfell by$/mtto$/mt on Tuesday, remaining at its lowest level since June 12.
The G20-HSFO Indexdeclined by $/mtto$/mt, while the G20-MGO Indexdeclined by$2/mtto$/mt.
ICE Brent crude futures fell by$/blto $/blon Tuesday.
VLSFO prices at the top four portswere mixed in direction. At Singaporeprices fell by$1/mtto$/mt,at Rotterdam they rose by $3/mtto$/mt, at Fujairah they were little changed at$/mt, and at Houston they dropped by $1/mtto$/mt.
On Wednesdaymorning Brent crude futures were trading up by $/bl from the previous session’s close at $/bl as of 5:46 AM in London. In metric tonne terms that would be equivalent to a$/mtrise in bunker prices.
