World News
BUNKER PRICES: G20-VLSFO Index Advances for First in Six Sessions
Bunker fuel prices rallied at most ports on Wednesday, with global average VLSFO prices advancing for the first in six consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $0.50/mt to $654/mt on Wednesday, in its first daily rise since November 21. The G20-HSFO Index rose by $2.50/mt to $523.50/mt, while the G20-MGO Index climbed by $3.50/mt to $885/mt.
ICE Brent crude futures jumped by $1.42/bl to $83.10/bl on Wednesday.
VLSFO prices at the top ports followed a positive trend. At Singapore prices rose by $6.50/mt to $658/mt, at Rotterdam they gained $2.50/mt to $576.50/mt, at Fujairah they climbed by $1.50/mt to $638/mt, and at Houston they advanced by $10/mt to $581/mt.
On Thursday morning Brent crude futures were trading up by $0.30/bl at $83.40/bl as of 7:02 AM in London. In metric tonne terms that would be equivalent to a $2.26/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 611.00 | 1.50 | 730.00 | 7.00 |
| Rotterdam | 557.50 | 1.00 | 718.50 | 2.00 |
| Houston | 576.00 | 1.00 | 750.50 | 2.50 |
| Fujairah | 608.50 | 2.50 | 829.00 | 2.00 |
| Global 20 Ports Average | 624.50 | 2.50 | 817.50 | 3.00 |
| Global 4 Ports Average | 588.50 | 0.50 | 757.00 | 2.50 |
| Global Average Bunker Price | 678.50 | 3.50 | 883.50 | 2.00 |
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