World News
BUNKER PRICES: G20-VLSFO Index Advances to Ten-Week High
Thursday February 1, 2024
Bunker fuel prices advanced at most ports on Wednesday, with global average VLSFO prices climbing to the highest level in almost ten weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1/mt to $666/mt on Wednesday, reaching the highest level since November 23. The G20-HSFO Index fell by $2.50/mt to $507.50/mt, while the G20-MGO Index climbed by $2.50/mt to $886/mt.
ICE Brent crude futures fell by $1.16/bl to $81.71/bl on Wednesday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices fell by $6/mt to $661.50/mt, at Rotterdam they gained $2.50/mt to $595.50/mt, at Fujairah they fell by $0.50/mt to $637/mt, and at Houston they jumped by $5.50/mt to $631/mt.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 624.50 | 1.00 | 732.00 | 8.50 |
| Rotterdam | 571.00 | 3.00 | 758.00 | 16.50 |
| Houston | 591.50 | 4.00 | 760.00 | 5.50 |
| Fujairah | 629.00 | 0.50 | 877.50 | 3.00 |
| Global 20 Ports Average | 637.00 | 0.00 | 819.00 | 3.00 |
| Global 4 Ports Average | 604.00 | 0.00 | 782.00 | 5.50 |
| Global Average Bunker Price | 688.00 | 2.50 | 879.00 | 1.00 |
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