Bunker prices mostly declined at ports around the world on Tuesday, with global average VLSFO prices dropping to their lowest level in almost ten weeks.
Ship & Bunker’s G20-VLSFO Index of prices across 20 leading bunkering ports fell by $/mt to $/mt on Tuesday, reaching its lowest level since June 6.
The G20-HSFO Index declined by $/mt to $/mt, while the G20-MGO Index rose by $4/mt to $/mt.
ICE Brent crude futures fell by $/bl to $/bl on Tuesday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices were little changed at $/mt, at Rotterdam they rose by $4/mt to $/mt, at Fujairah they advanced by $/mt to $/mt, and at Houston they dropped by $/mt to $/mt.
On Wednesday morning Brent crude futures were trading down by $/bl from the previous session’s close at $/bl as of 7:23 AM in London. In metric tonne terms that would be equivalent to a $/mt fall in bunker prices.
