World News
BUNKER PRICES: G20-VLSFO Index Rises to One-Week High
Bunker prices mostly advanced at ports around the world on Wednesday, with global average VLSFO prices rising to the highest level in a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1.50/mt to $540/mt on Wednesday, reaching its highest level since May 14.
The G20-HSFO Index gained $3.50/mt to $466/mt, while the G20-MGO Index fell by $0.50/mt to $714/mt.
ICE Brent crude futures slipped by $0.47/bl to $64.91/bl on Wednesday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices rose by $8/mt to $529.50/mt, at Rotterdam they advanced by $4/mt to $480.50/mt, at Fujairah they jumped by $1.50/mt to $515/mt, and at Houston they fell by $0.50/mt to $470.50/mt.
On Thursday morning Brent crude futures were trading up by $0.03/bl from the previous session's close at $64.94/bl as of 5:31 AM in London. In metric tonne terms that would be equivalent to a $0.23/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 529.50 | 8.00 | 620.00 | 1.00 |
| Rotterdam | 480.50 | 4.00 | 624.00 | 2.00 |
| Houston | 470.50 | 0.50 | 627.00 | 1.50 |
| Fujairah | 515.00 | 1.50 | 716.00 | 0.50 |
| Global 20 Ports Average | 540.00 | 1.50 | 714.00 | 0.50 |
| Global 4 Ports Average | 499.00 | 3.50 | 647.00 | 0.50 |
| Global Average Bunker Price | 573.00 | 2.00 | 761.00 | 2.50 |
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