World News
BUNKER PRICES: G20-VLSFO Index Advances for Fourth Session
Bunker fuel prices continued to recover at most ports on Wednesday, with average global VLSFO prices advancing for a fourth consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $0.50/mt to $587/mt on Wednesday, remaining at the highest level since May 2. The G20-HSFO Index lost $2/mt to $486/mt, while the G20-MGO Index gained $7.50/mt to $786.50/mt.
ICE Brent crude futures lost $1.03/bl to $76.41/bl on Wednesday.
VLSFO prices at the top ports mostly had a negative trend. At Singapore prices slipped by $0.50/mt to $571/mt, at Rotterdam they declined by $1.50/mt to $537.50/mt, at Fujairah they lost $4.50/mt to $557.50/mt, and at Houston they climbed by $1/mt to $543.50/mt.
On Thursday morning Brent crude futures were trading up by $0.75/bl at $77.16/bl as of 9:05 AM in London. In metric tonne terms that would be equivalent to a $5.65/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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