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 | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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