World News
BUNKER PRICES: G20-VLSFO Index Rises to One-Week High
Bunker fuel prices rose at most ports on Wednesday, with global VLSFO prices advancing to the highest level in a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $6/mt to $645/mt on Wednesday, reaching the highest level since February 21. The G20-HSFO Index rose by $10.50/mt to $463/mt, while the G20-MGO Index advanced by $10.50/mt to $932/mt.
ICE Brent crude futures gained $0.86bl to $84.31/bl on Wednesday.
VLSFO prices at the top ports had a mixed performance. At Singapore prices rose by $15/mt to $607.50/mt, at Rotterdam they advanced by $4.50/mt to $573/mt, at Fujairah they slipped by $2.50/mt to $608/mt and at Houston they sank by $9/mt to $624.50/mt.
On Thursday morning Brent futures were trading up by $0.50/bl at $84.81/bl as of 9:52 AM in London. In metric tonner terms that would amount to a $3.76/mt rise 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 |
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