World News
BUNKER PRICES: G20-VLSFO Index Jumps to One-Week High
Bunker prices mostly advanced at ports around the world on Wednesday, with global average VLSFO prices climbing to their highest level in more than a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $2.50/mt to $524/mt on Wednesday, reaching its highest level since September 9.
The G20-HSFO Index rose by $2/mt to $442.50/mt, while the G20-MGO Index jumped by $6/mt to $770.50/mt.
ICE Brent crude futures sank by $0.52/bl to $67.95/bl on Wednesday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices rose by $4/mt to $493/mt, at Rotterdam they advanced by $5/mt to $463.50/mt, at Fujairah they climbed by $6.50/mt to $492.50/mt, and at Houston they fell by $5/mt to $489/mt.
On Thursday morning Brent crude futures were trading down by $0.24/bl from the previous session's close at $67.71/bl as of 6:24 AM in London. In metric tonne terms that would be equivalent to a $1.81/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 493.00 | 4.00 | 683.00 | 10.50 |
| Rotterdam | 463.50 | 5.00 | 682.50 | 8.00 |
| Houston | 489.00 | 5.00 | 688.00 | 5.50 |
| Fujairah | 492.50 | 6.50 | 738.00 | 8.00 |
| Global 20 Ports Average | 524.00 | 2.50 | 770.50 | 6.00 |
| Global 4 Ports Average | 484.50 | 2.50 | 698.00 | 8.00 |
| Global Average Bunker Price | 564.50 | 2.00 | 806.00 | 3.00 |
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