World News
BUNKER PRICES: G20-VLSFO Index Little Changed Despite Jump in Crude
Bunker prices were mixed in direction at ports around the world on Wednesday, with global average VLSFO prices holding steady overall at a three-month low despite a rise in crude futures.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports was little changed at $527/mt on Wednesday, having reached its lowest level since May 9 the previous day.
The G20-HSFO Index declined by $1/mt to $444.50/mt, while the G20-MGO Index rose by $0.50/mt to $740/mt.
ICE Brent crude futures jumped by $1.05/bl to $66.84/bl on Wednesday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $0.50/mt to $495/mt, at Rotterdam they declined by $4/mt to $465.50/mt, at Fujairah they slipped by $2/mt to $485.50/mt, and at Houston they rose by $4.50/mt to $483/mt.
On Thursday morning Brent crude futures were trading up by $0.29/bl from the previous session's close at $67.13/bl as of 6:17 AM in London. In metric tonne terms that would be equivalent to a $2.18/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 495.00 | 0.50 | 644.00 | 2.50 |
| Rotterdam | 465.50 | 4.00 | 651.00 | 1.00 |
| Houston | 483.00 | 4.50 | 660.00 | 6.50 |
| Fujairah | 485.50 | 2.00 | 720.50 | 1.50 |
| Global 20 Ports Average | 527.00 | 0.00 | 740.00 | 0.50 |
| Global 4 Ports Average | 482.50 | 0.50 | 669.00 | 2.00 |
| Global Average Bunker Price | 568.00 | 0.50 | 784.50 | 2.50 |
Popular Now More
-
Aug 20Rasmus Bach Nielsen has stepped down as global head of fuel decarbonisation at Trafigura as of August 19 and will take a 12-13-month career break. -
Aug 21Stuart Wharton has stepped down as senior supply manager at WFS and will take on a new role at Lindsay Blee. -
Aug 18The executive has worked for Bunker Holding since July 2016.