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 | 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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