World News
BUNKER PRICES: G20-VLSFO Index Climbs for Sixth Day
Bunker fuel prices advanced at most ports on Wednesday, with global average VLSFO prices climbing for a sixth consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1/mt to $599/mt on Wednesday, remaining at the highest level since October 25.
The G20-HSFO Index slipped by $4.50/mt to at $501/mt, while the G20-MGO Index fell by $3/mt to $755.50/mt.
ICE Brent crude futures fell by $0.61/bl to $74.92/bl on Wednesday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices lost $1.50/mt to $597/mt, at Rotterdam they advanced by $0.50/mt to $525.50/mt, at Fujairah they sank by $1.50/mt to $584.50/mt, and at Houston they rose by $4/mt to $550.50/mt.
On Thursday morning Brent futures were trading up by $0.52/bl from the previous session's close at $75.44/bl as of 4:27 AM in London. In metric tonne terms that would be equivalent to a $3.92/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 597.00 | 1.50 | 689.00 | 1.50 |
| Rotterdam | 525.50 | 0.50 | 678.00 | 7.50 |
| Houston | 550.50 | 4.00 | 684.50 | 8.00 |
| Fujairah | 584.50 | 1.50 | 764.00 | 1.00 |
| Global 20 Ports Average | 599.00 | 1.00 | 755.50 | 3.00 |
| Global 4 Ports Average | 564.50 | 0.50 | 704.00 | 0.50 |
| Global Average Bunker Price | 646.00 | 1.00 | 813.00 | 1.00 |
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