World News
BUNKER PRICES: G20-VLSFO Index Little Changed as Crude Slips
Bunker fuel prices were mixed in direction at ports around the world on Wednesday, with global average VLSFO prices little changed overall despite a fall in crude futures.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports was little changed at $586/mt on Wednesday, having reached the highest level since November 12 the previous day.
The G20-HSFO Index advanced by $4/mt to $488/mt, while the G20-MGO Index was little changed at $759/mt.
ICE Brent crude futures fell by $0.50/bl to $72.81/bl on Wednesday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices rose by $6.50/mt to $569.50/mt, at Rotterdam they advanced by $2.50/mt to $514/mt, at Fujairah they fell by $0.50/mt to $561/mt, and at Houston they were little changed at $547.50/mt.
On Thursday morning Brent futures were trading up by $0.52/bl from the previous session's close at $73.33/bl as of 7:29 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 | 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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