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 | 649.50 | 2.00 | 778.50 | 8.50 |
| Rotterdam | 602.00 | 0.50 | 748.00 | 6.00 |
| Houston | 624.00 | 5.00 | 792.00 | 3.50 |
| Fujairah | 649.50 | 2.00 | 898.00 | 3.00 |
| Global 20 Ports Average | 662.00 | 2.00 | 855.00 | 1.50 |
| Global 4 Ports Average | 631.00 | 1.00 | 804.00 | 0.50 |
| Global Average Bunker Price | 717.50 | 0.50 | 913.50 | 1.00 |
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 25The new hire was previously a marine fuel trader for Vilma Oil in Madrid from June 2017 to last month.