World News
BUNKER PRICES: G20-VLSFO Index Advances to Two-Week High
Bunker fuel prices rose at most ports on Wednesday, with global average VLSFO prices advancing to the highest level in more than two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $5/mt to $683/mt on Wednesday, reaching the highest level since October 2. The G20-HSFO Index gained $8/mt to $560.50/mt, while the G20-MGO Index was little changed at $970/mt.
ICE Brent crude futures rose by $1.60/bl to $91.50/bl on Wednesday.
VLSFO prices at the top ports followed a positive trend. At Singapore prices rose by $11/mt to $683.50/mt, at Rotterdam they gained $0.50/mt to $619.50/mt, at Fujairah they advanced by $10/mt to $671.50/mt, and at Houston they jumped by $0.50/mt to $633/mt.
On Thursday morning Brent crude futures were trading down by $0.46/bl at $91.04/bl as of 8:26 AM in London. In metric tonne terms that would be equivalent to an $3.46/mt fall 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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