World News
BUNKER PRICES: G20-VLSFO Index Rises to Two-Week High
Bunker prices mostly rose at ports around the world on Wednesday, with global average VLSFO prices jumping to their highest level in more than two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1/mt to $496/mt on Tuesday, reaching its highest level since October 27.
The G20-HSFO Index slipped by $0.50/mt to $430/mt, while the G20-MGO Index jumped by $10/mt to $813/mt.
ICE Brent crude futures sank by $2.45/bl to $62.71/bl on Wednesday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices fell by $3/mt to $466.50/mt, at Rotterdam they advanced by $1/mt to $436/mt, at Fujairah they climbed by $4/mt to $463.50/mt, and at Houston they sank by $5mt to $441/mt.
On Thursday morning Brent crude futures were trading down by $0.13/bl from the previous session's close at $62.58/bl as of 9:37 AM in London. In metric tonne terms that would be equivalent to a $0.98/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 466.50 | 3.00 | 753.00 | 4.00 |
| Rotterdam | 436.00 | 1.00 | 726.00 | 2.50 |
| Houston | 441.00 | 5.00 | 695.00 | 8.00 |
| Fujairah | 463.50 | 4.00 | 754.50 | 9.00 |
| Global 20 Ports Average | 496.00 | 1.00 | 813.00 | 10.00 |
| Global 4 Ports Average | 451.50 | 1.00 | 732.00 | 2.00 |
| Global Average Bunker Price | 540.00 | 1.00 | 840.00 | 6.50 |
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