World News
BUNKER PRICES: G20-VLSFO Index Climbs to 14-Week High
Bunker fuel prices continued to advance at most ports on Wednesday, with global average VLSFO prices climbing to the highest level in almost 14 weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $3/mt to $617.50/mt on Wednesday, reaching the highest level since April 20. The G20-HSFO Index climbed by $3/mt to $538.50/mt, while the G20-MGO Index gained $9/mt to $858.50/mt.
ICE Brent crude futures lost $0.72/bl to $82.92/bl on Wednesday.
VLSFO prices at the top ports mostly had a positive trend. At Singapore prices advanced by $6.50/mt to $598.50/mt, at Rotterdam they fell by $0.50/mt to $573.50/mt, at Fujairah they climbed by $7/mt to $594/mt, and at Houston they jumped by $0.50/mt to $577.50/mt.
On Thursday morning Brent crude futures were trading up by $0.58/bl at $83.50/bl as of 8:59 AM in London. In metric tonne terms that would be equivalent to a $4.37/mt rise 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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