World News
BUNKER PRICES: G20-VLSFO Index Jumps to Four-Week High
Bunker prices mostly advanced at ports around the world on Wednesday, with global average VLSFO prices rising to their highest level in more than four weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1.50/mt to $536/mt on Wednesday, reaching its highest level since August 8.
The G20-HSFO Index rose by $1/mt to $448.50/mt, while the G20-MGO Index climbed by $6.50/mt to $757.50/mt.
ICE Brent crude futures sank by $1.54/bl to $67.60/bl on Wednesday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices fell by $1.50/mt to $509/mt, at Rotterdam they advanced by $0.50/mt to $479/mt, at Fujairah they fell by $1/mt to $508/mt, and at Houston they jumped by $4.50/mt to $498/mt.
On Thursday morning Brent crude futures were trading down by $0.43/bl from the previous session's close at $67.17/bl as of 6:02 AM in London. In metric tonne terms that would be equivalent to a $3.24/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 509.00 | 1.50 | 677.00 | 6.50 |
| Rotterdam | 479.00 | 0.50 | 673.50 | 9.50 |
| Houston | 498.00 | 4.50 | 678.50 | 17.50 |
| Fujairah | 508.00 | 1.00 | 738.50 | 2.00 |
| Global 20 Ports Average | 536.00 | 1.50 | 757.50 | 6.50 |
| Global 4 Ports Average | 498.50 | 0.50 | 692.00 | 9.00 |
| Global Average Bunker Price | 572.00 | 1.00 | 800.50 | 5.00 |
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