World News
BUNKER PRICES: G20-VLSFO Index Advances for Second Session
Bunker fuel prices advanced at most ports on Wednesday, with global average VLSFO prices climbing for a second consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $4.50/mt to $662/mt on Wednesday, reaching the highest level since February 23. The G20-HSFO Index advanced by $2.50/mt to $506/mt, while the G20-MGO Index rose by $0.50/mt to $878.50/mt.
ICE Brent crude futures rose by $0.03/bl to $83.68/bl on Wednesday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices gained $11/mt to $640.50/mt, at Rotterdam they advanced by $8.50/mt to $581/mt, at Fujairah they rose by $6.50/mt to $631/mt, and at Houston they dropped by $2.50/mt to $636/mt.
On Thursday morning Brent futures were little changed from the previous session's close at $83.68/bl as of 6:41 AM in London.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.00 | 0.50 | 775.00 | 3.50 |
| Rotterdam | 603.50 | 1.50 | 759.50 | 11.50 |
| Houston | 626.50 | 2.50 | 794.00 | 2.00 |
| Fujairah | 649.00 | 0.50 | 904.50 | 6.50 |
| Global 20 Ports Average | 664.00 | 2.00 | 855.00 | 0.00 |
| Global 4 Ports Average | 632.00 | 1.00 | 808.00 | 4.00 |
| Global Average Bunker Price | 716.50 | 1.00 | 901.00 | 12.50 |
Popular Now More
-
Apr 24Non-compete clauses have not always been used in a fair and reasonable way in the bunker industry, Maritime Recruitment Company Ltd's Vernon Jayanathan tells Ship & Bunker. -
Apr 25Government investigating after test results altered 'to make the fuel consumption data look better'. -
Apr 26The company is looking for candidates with bunker trading professional certifications and at least six years of experience in a similar role.