The S&P Global Commodity Insights Bunkerworld 0.5% sulfur fuel oil index ended the week May 25 at $568/mt, down $1/mt on the day, down $5/mt on the week and down $25/mt on the month. The BW380 index, which represents value for 3.5% sulfur fuel oil, ended the week at $469/mt, down $3/mt on the day, down $6/mt on the week and down $25/mt on the month.
The BW Indexes are weighted daily indexes made up of price assessments at 20 key bunkering ports. To obtain a representative geographical spread, the ports were selected by size with reference to their geographical importance.
The BW 0.5%S Index ports are Hong Kong, South Korea, Shanghai, Singapore, Japan, Las Palmas, Durban, Fujairah, Gibraltar, Piraeus, Rotterdam, St. Petersburg, Houston, Los Angeles, New York, Balboa and Santos.
The BW380 Index ports are Busan, Canary Islands, Colombo, Durban, Fujairah, Gibraltar, Hong Kong, Houston, Los Angeles, New York, Offshore Nigeria, Panama Canal, Piraeus, Rotterdam, Santos, Shanghai, Singapore, St. Petersburg, Suez and Tokyo.