World News
BUNKER PRICES: G20-VLSFO Index Jumps to One-Week High
Bunker fuel prices advanced at most ports on Wednesday, with global average VLSFO prices rising to the highest level in more than a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $3.50/mt to $581/mt on Wednesday, reaching the highest level since November 26.
The G20-HSFO Index climbed by $1.50/mt to $498/mt, while the G20-MGO Index advanced by $1/mt to $760/mt.
ICE Brent crude futures sank by $1.31/bl to $72.31/bl on Wednesday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices gained $8/mt to $559/mt, at Rotterdam they advanced by $7/mt to $506.50/mt, at Fujairah they rose by $6/mt to $551.50/mt, and at Houston they climbed by $3/mt to $551/mt.
On Thursday morning Brent futures were trading down by $0.06/bl from the previous session's close at $72.25/bl as of 6:20 AM in London. In metric tonne terms that would be equivalent to a $0.45/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 547.50 | 2.50 | 679.50 | 0.50 |
| Rotterdam | 513.50 | 0.00 | 652.00 | 1.00 |
| Houston | 547.00 | 3.50 | 679.00 | 0.50 |
| Fujairah | 544.00 | 4.50 | 747.50 | 1.00 |
| Global 20 Ports Average | 574.50 | 1.00 | 760.50 | 0.50 |
| Global 4 Ports Average | 538.00 | 2.50 | 689.50 | 0.00 |
| Global Average Bunker Price | 626.50 | 0.00 | 804.50 | 0.50 |
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