World News
BUNKER PRICES: G20-VLSFO Index Jumps to One-Week High
Bunker fuel prices jumped at most ports on Wednesday, with global average VLSFO prices surging to the highest level in a week following this week's rise in crude futures.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $15/mt to $603.50/mt on Wednesday, reaching the highest level since September 25.
The G20-HSFO Index rose by $18/mt to $498.50/mt, while the G20-MGO Index advanced by $13.50/mt to $741.50/mt.
ICE Brent crude futures rose by $0.34/bl to $73.90/bl on Wednesday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices gained $24.50/mt to $588/mt, at Rotterdam they rose by $7.50/mt to $530/mt, at Fujairah they advanced by $22.50/mt to $578/mt, and at Houston they jumped by $16.50/mt to $530.50/mt.
On Thursday morning Brent futures were trading up by $0.84/bl from the previous session's close at $74.74/bl as of 5:29 AM in London. In metric tonne terms that would be equivalent to a $6.33/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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