World News
BUNKER PRICES: G20-VLSFO Index Advances for Third Day
Bunker fuel prices climbed at most ports on Wednesday, with global average VLSFO prices advancing for a third day to the highest level in almost three weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $2.50/mt to $626.50/mt on Wednesday, reaching the highest level since May 30.
The G20-HSFO Index rose by $5/mt to $541/mt, while the G20-MGO Index advanced by $6.50/mt to $809/mt.
ICE Brent crude futures slipped by $0.26/bl to $85.07/bl on Wednesday.
VLSFO prices at the top ports followed a positive trend. At Singapore prices gained $5.50/mt to $611.50/mt, at Rotterdam they rose by $7.50/mt to $562.50/mt, at Fujairah they advanced by $4/mt to $610.50/mt, and at Houston they jumped by $3/mt to $589.50/mt.
On Thursday morning Brent futures were trading up by $0.09/bl from the previous session's close at $85.16/bl as of 6:41 AM in London. In metric tonne terms that would be equivalent to a $0.68/mt rise 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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