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 | 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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