World News
BUNKER PRICES: G20-VLSFO Index Rises to Three-Week High
Bunker prices mostly advanced at ports around the world on Wednesday, with global average VLSFO prices rising to the highest level in three weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $3/mt to $537.50/mt on Wednesday, reaching its highest level since May 21.
The G20-HSFO Index slipped by $0.50/mt to $466.50/mt, while the G20-MGO Index climbed by $3.50/mt to $720.50/mt.
ICE Brent crude futures jumped by $2.90/bl to $69.77/bl on Wednesday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices rose by $4/mt to $516.50/mt, at Rotterdam they advanced by $0.50/mt to $482/mt, at Fujairah they climbed by $2/mt to $506/mt, and at Houston they jumped by $5/mt to $486.50/mt.
On Thursday morning Brent crude futures were trading down by $0.27/bl from the previous session's close at $69.50/bl as of 5:31 AM in London. In metric tonne terms that would be equivalent to a $2.03/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 523.50 | 7.00 | 628.50 | 8.50 |
| Rotterdam | 487.50 | 5.50 | 633.00 | 5.50 |
| Houston | 494.50 | 8.00 | 643.50 | 5.50 |
| Fujairah | 512.00 | 6.00 | 713.50 | 7.00 |
| Global 20 Ports Average | 541.50 | 4.00 | 723.00 | 2.50 |
| Global 4 Ports Average | 504.50 | 7.00 | 654.50 | 6.50 |
| Global Average Bunker Price | 578.50 | 5.50 | 768.00 | 3.50 |
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