Bunker prices mostly fell at ports around the world on Wednesday, with global average VLSFO prices dropping for a sixth consecutive trading session.
Ship & Bunker’s G20-VLSFO Index of prices across 20 leading bunkering ports lost $/mt to $/mt on Wednesday, remaining at its lowest level since February 2021.
The G20-HSFO Index slipped by $5/mt to $/mt, while the G20-MGO Index declined by $/mt to $/mt.
ICE Brent crude futures jumped by $/bl to $/bl on Wednesday.
VLSFO prices at the top four ports followed a negative trend. At Singapore prices fell by $2/mt to $/mt, at Rotterdam they lost $/mt to $/mt, at Fujairah they sank by $5/mt to $/mt, and at Houston they slipped by $/mt to $/mt.
On Thursday morning Brent crude futures were trading down by $/bl from the previous session’s close at $/bl as of 5:55 AM in London. In metric tonne terms that would be equivalent to a $/mt fall in bunker prices.
