World News
BUNKER PRICES: G20-VLSFO Index Advances
Bunker fuel prices advanced at most ports on Wednesday, reversing the previous day's decline.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $5/mt to $657/mt on Wednesday, having slipped by $5.50/mt the previous day. The G20-HSFO Index advanced by $8/mt to $584.50/mt, while the G20-MGO Index jumped by $8.50/mt to $937/mt.
ICE Brent crude futures gained $1.38/bl to $87.55/bl on Wednesday.
VLSFO prices at the top ports had a positive trend. At Singapore prices rose by $3/mt to $640/mt, at Rotterdam they gained $7.50/mt to $618/mt, at Fujairah they advanced by $2.50/mt to $640/mt, and at Houston they jumped by $16/mt to $625.50/mt.
On Thursday morning Brent crude futures were trading up by $0.21/bl at $87.76/bl as of 9:41 AM in London. In metric tonne terms that would be equivalent to a $1.58/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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