World News
BUNKER PRICES: G20-VLSFO Index Holds Steady as Crude Rises
Bunker fuel prices were mixed in direction on Wednesday, with global average VLSFO prices holding steady overall as crude futures rose.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports was little changed at $643.50/mt on Wednesday, having reached the lowest level since July 1 the previous day.
The G20-HSFO Index sank by $1.50/mt to $548/mt, while the G20-MGO Index fell by $6/mt to $838.50/mt.
ICE Brent crude futures rose by $0.42/bl to $85.08/bl on Wednesday.
VLSFO prices at the top ports followed a negative trend. At Singapore prices lost $6/mt to $628/mt, at Rotterdam they fell by $5.50/mt to $577/mt, at Fujairah they declined by $0.50/mt to $633.50/mt, and at Houston they dropped by $2/mt to $608/mt.
On Thursday morning Brent futures were trading up by $0.70/bl from the previous session's close at $85.78/bl as of 6:22 AM in London. In metric tonne terms that would be equivalent to a $5.27/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 627.50 | 3.00 | 643.50 | 2.00 |
| Rotterdam | 530.50 | 3.00 | 636.50 | 3.50 |
| Houston | 526.00 | 0.00 | 665.00 | 0.50 |
| Fujairah | 608.50 | 8.00 | 778.50 | 2.00 |
| Global 20 Ports Average | 612.50 | 3.50 | 746.50 | 1.00 |
| Global 4 Ports Average | 573.00 | 5.00 | 681.00 | 3.00 |
| Global Average Bunker Price | 657.00 | 4.00 | 827.50 | 2.50 |
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