World News
BUNKER PRICES: G20-VLSFO Index Advances for Sixth Session
Bunker fuel prices advanced at most ports on Wednesday, with global average VLSFO prices climbing for a sixth consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $0.50/mt to $660.50/mt on Wednesday, remaining at the highest level since February 1. The G20-HSFO Index rose by $1.50/mt to $507.50/mt, while the G20-MGO Index slipped by $3.50/mt to $896/mt.
ICE Brent crude futures sank by $1.17/bl to $81.60/bl on Wednesday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices rose by $1/mt to $653/mt, at Rotterdam they gained $1/mt to $581.50/mt, at Fujairah they advanced by $1.50/mt to $628.50/mt, and at Houston they sank by $5/mt to $634/mt.
On Thursday morning Brent futures were trading down by $0.22/bl from the previous session's close at $81.38/bl as of 6:54 AM in London. In metric tonne terms that would be equivalent to a $1.66/mt fall 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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