World News
PRICES: Bunker Prices Advanced at Most Ports on Wednesday
Bunker fuel prices advanced for a third consecutive day at most ports on Wednesday.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $5/mt to $631/mt, the most since January 5. The G20-HSFO Index gained $0.50/mt to $436.50/mt, while the G20-MGO Index gained $8.50/mt to $991/mt.
ICE Brent crude futures gained $2.57/bl to $82.67/bl.
VLSFO prices at the top ports had a similar positive trend. At Singapore prices advanced by $1.50/mt to $591/mt, at Rotterdam they jumped by $5.50/mt to $542/mt, at Fujairah they rose by $5.50/mt to $594/mt and at Houston they rallied by $8/mt to $585/mt.
On Thursday Brent futures were trading up by $0.28/bl at $82.95/bl as of 7:49 AM in London. In metric tonne terms that would amount to a $2.11/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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