World News
BUNKER PRICES: G20-VLSFO Index Advances to One-Week High
Bunker fuel prices climbed at most ports on Wednesday, with average global VLSFO prices gaining to the highest level in almost a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $9.50/mt to $594.50/mt on Wednesday, reaching the highest level since June 8. The G20-HSFO Index gained $11.50/mt to $492/mt, while the G20-MGO Index advanced by $6/mt to $770/mt.
ICE Brent crude futures lost $1.09/bl to $73.20/bl on Wednesday.
VLSFO prices at the top ports had a mixed trend. At Singapore prices jumped by $14/mt to $584/mt, at Rotterdam they rose by $11.50/mt to $541.50/mt, at Fujairah they advanced by $13.50/mt to $571.50/mt, and at Houston they slipped by $5/mt to $537/mt.
On Thursday morning Brent crude futures were trading up by $0.49/bl at $73.69/bl as of 9:23 AM in London. In metric tonne terms that would be equivalent to a $3.69/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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