World News
BUNKER PRICES: G20-VLSFO Index Rises for Ninth Day
Bunker fuel prices advanced at ports around the world on Wednesday, with global average VLSFO prices climbing for a ninth consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $2/mt to $567/mt on Wednesday, reaching its highest level since March 3.
The G20-HSFO Index was little changed at $501.50/mt, while the G20-MGO Index slipped by $1.50/mt to $764/mt.
ICE Brent crude futures rose by $0.46/bl to $74.95/bl on Wednesday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices gained $5/mt to $543/mt, at Rotterdam they fell by $0.50/mt to $503.50/mt, at Fujairah they advanced by $5.50/mt to $539.50/mt, and at Houston they jumped by $1.50/mt to $535/mt.
On Thursday morning Brent futures were trading down by $1.87/bl from the previous session's close at $73.08/bl as of 6:56 AM in London. In metric tonne terms that would be equivalent to a $14.08/mt fall on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 506.50 | 6.50 | 622.50 | 7.00 |
| Rotterdam | 460.00 | 1.50 | 630.00 | 8.50 |
| Houston | 472.50 | 0.50 | 625.00 | 1.50 |
| Fujairah | 501.00 | 6.00 | 721.00 | 8.00 |
| Global 20 Ports Average | 529.00 | 2.50 | 724.00 | 1.50 |
| Global 4 Ports Average | 485.00 | 3.50 | 649.50 | 5.00 |
| Global Average Bunker Price | 571.00 | 4.00 | 755.50 | 0.00 |
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