World News
BUNKER PRICES: G20-VLSFO Index Jumps for First in Four Sessions
Bunker fuel prices advanced at most ports on Wednesday, with global average VLSFO prices climbing for the first in four consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $5/mt to $589.50/mt on Wednesday, having reached the lowest level since June 2023 the previous day.
The G20-HSFO Index rose by $2.50/mt to $512/mt, while the G20-MGO Index rallied by $3.50/mt to $738/mt.
ICE Brent crude futures jumped by $1.43/bl to $72.16/bl on Wednesday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices gained $7.50/mt to $582/mt, at Rotterdam they fell by $6/mt to $512.50/mt, at Fujairah they advanced by $2.50/mt to $566.50/mt, and at Houston they climbed by $3/mt to $527/mt.
On Thursday morning Brent futures were trading up by $0.49/bl from the previous session's close at $72.65/bl as of 6:08 AM in London. In metric tonne terms that would be equivalent to a $3.69/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 549.00 | 0.50 | 668.50 | 4.00 |
| Rotterdam | 503.50 | 2.00 | 653.00 | 3.50 |
| Houston | 549.50 | 4.00 | 677.50 | 1.00 |
| Fujairah | 544.50 | 1.50 | 746.00 | 0.00 |
| Global 20 Ports Average | 578.50 | 1.00 | 758.50 | 0.00 |
| Global 4 Ports Average | 536.50 | 1.50 | 686.50 | 1.50 |
| Global Average Bunker Price | 622.50 | 1.50 | 803.00 | 1.50 |
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