World News
BUNKER PRICES: G20-VLSFO Index Rises to One-Week High
Bunker fuel prices continued to advance at most ports on Wednesday, with average global VLSFO prices hitting the highest level in almost a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $2.50/mt to $583/mt on Wednesday, reaching the highest level since May 11. The G20-HSFO Index slipped by $0.50/mt to $482/mt, while the G20-MGO Index lost $1/mt to $777/mt.
ICE Brent crude futures gained $2.05/bl to $76.96/bl on Wednesday.
VLSFO prices at the top ports had a mixed trend. At Singapore prices rose by $3/mt to $568/mt, at Rotterdam they declined by $2.50/mt to $522.50/mt, at Fujairah they lost $4.50/mt to $553.50/mt, and at Houston they climbed by $1/mt to $529.50/mt.
On Thursday morning Brent crude futures were trading down by $0.38/bl at $76.58/bl as of 9:53 AM in London. In metric tonne terms that would be equivalent to a $2.86/mt fall 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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