World News
BUNKER PRICES: G20-VLSFO Index Rallies for First Session in Four
Bunker fuel prices rose at most ports on Wednesday, with global average VLSFO prices climbing for the first in four sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $0.50/mt to $604.50/mt on Wednesday, having reached the lowest level since June 6 the previous day.
The G20-HSFO Index jumped by $3.50/mt to $507.50/mt, while the G20-MGO Index was little changed at $780.50/mt.
ICE Brent crude futures rose by $1.85/bl to $78.33/bl on Wednesday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices gained $2.50/mt to $588/mt, at Rotterdam they rose by $5.50/mt to $537/mt, at Fujairah they declined by $1.50/mt to $582/mt, and at Houston they slipped by $4/mt to $545.50/mt.
On Thursday morning Brent futures were trading down by $0.20/bl from the previous session's close at $78.13/bl as of 7:18 AM in London. In metric tonne terms that would be equivalent to a $1.51/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 569.50 | 0.00 | 680.00 | 0.00 |
| Rotterdam | 515.00 | 1.00 | 674.00 | 2.00 |
| Houston | 550.00 | 2.50 | 678.00 | 6.50 |
| Fujairah | 560.50 | 0.50 | 753.50 | 2.50 |
| Global 20 Ports Average | 586.00 | 0.00 | 761.00 | 2.00 |
| Global 4 Ports Average | 549.00 | 1.00 | 696.50 | 2.00 |
| Global Average Bunker Price | 634.50 | 1.00 | 800.50 | 2.00 |
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