World News
BUNKER PRICES: G20-VLSFO Index Advances for Third Day
Bunker fuel prices advanced at most ports on Wednesday, with global average VLSFO prices climbing to the highest level in almost seven months.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $4/mt to $675/mt on Wednesday, reaching the highest level since February 15. The G20-HSFO Index rose by $7.50/mt to $597/mt, while the G20-MGO Index jumped by $2/mt to $1,007/mt.
ICE Brent crude futures lost $0.18/bl to $91.88/bl on Wednesday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices gained $9/mt to $662/mt, at Rotterdam they jumped by $10/mt to $627.50/mt, at Fujairah they advanced by $5/mt to $655/mt, and at Houston they slipped by $8.50/mt to $661/mt.
On Thursday morning Brent crude futures were trading up by $0.59/bl at $92.47/bl as of 8:51 AM in London. In metric tonne terms that would be equivalent to a $4.44/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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