World News
BUNKER PRICES: G20-VLSFO Index Advances for First in Four Sessions
Bunker fuel prices advanced at most ports on Wednesday, with global average VLSFO prices climbing for the first in four sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $1/mt to $657.50/mt on Wednesday, paring the previous session's $1.50/mt fall. The G20-HSFO Index rose by $0.50/mt to $512/mt, while the G20-MGO Index dropped by $1/mt to $874.50/mt.
ICE Brent crude futures jumped by $2.11/bl to $84.03/bl on Wednesday.
VLSFO prices at the top ports mostly followed a negative trend. At Singapore prices lost $5.50/mt to $633/mt, at Rotterdam they declined by $1/mt to $585.50/mt, at Fujairah they slipped by $1/mt to $638/mt, and at Houston they jumped by $1.50/mt to $638.50/mt.
On Thursday morning Brent futures were up by $0.60/bl from the previous session's close at $84.63/bl as of 9:54 AM in London. In metric tonne terms that would equate to a $4.52/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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