World News
BUNKER PRICES: G20-VLSFO Index Holds Steady as Crude Sinks
Bunker fuel prices were mixed in direction at ports around the world on Wednesday, with global average VLSFO prices holding steady overall despite a drop in crude futures.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports was little changed at $605.50/mt on Wednesday, having reached its lowest level since January 10 the previous day.
The G20-HSFO Index gained $3.50/mt to $509.50/mt, while the G20-MGO Index advanced by $4/mt to $783/mt.
ICE Brent crude futures sank by $1.59/bl to $74.61/bl on Wednesday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices rose by $2/mt to $582/mt, at Rotterdam they advanced by $2.50/mt to $558/mt, at Fujairah they climbed by $5/mt to $575.50/mt, and at Houston they jumped by $3.50/mt to $563/mt.
On Thursday morning Brent futures were trading up by $0.28/bl from the previous session's close at $74.89/bl as of 6:33 AM in London. In metric tonne terms that would be equivalent to a $2.11/mt rise on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 582.00 | 2.00 | 696.50 | 3.00 |
| Rotterdam | 558.00 | 2.50 | 677.00 | 0.50 |
| Houston | 563.00 | 3.50 | 724.00 | 2.00 |
| Fujairah | 575.50 | 5.00 | 775.50 | 3.50 |
| Global 20 Ports Average | 605.50 | 0.00 | 783.00 | 4.00 |
| Global 4 Ports Average | 569.50 | 3.00 | 718.00 | 1.50 |
| Global Average Bunker Price | 649.00 | 1.50 | 826.00 | 3.50 |
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