World News
BUNKER PRICES: G20-VLSFO Index Jumps to Two-Week High
Bunker prices mostly advanced at ports around the world on Wednesday, with global average VLSFO prices climbing to the highest level in almost two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $2.50/mt to $533.50/mt on Wednesday, reaching its highest level since May 22.
The G20-HSFO Index jumped by $1.50/mt to $463.50/mt, while the G20-MGO Index fell by $1/mt to $709/mt.
ICE Brent crude futures slipped by $0.77/bl to $64.86/bl on Wednesday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices rose by $5.50/mt to $511.50/mt, at Rotterdam they advanced by $1/mt to $475.50/mt, at Fujairah they jumped by $5.50/mt to $501.50/mt, and at Houston they were little changed at $474.50/mt.
On Thursday morning Brent crude futures were trading down by $0.10/bl from the previous session's close at $64.76/bl as of 6:41 AM in London. In metric tonne terms that would be equivalent to a $0.75/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 512.50 | 1.00 | 615.00 | 5.50 |
| Rotterdam | 476.00 | 0.50 | 614.50 | 2.00 |
| Houston | 469.00 | 5.50 | 608.00 | 6.50 |
| Fujairah | 503.00 | 1.50 | 712.00 | 1.00 |
| Global 20 Ports Average | 534.00 | 0.50 | 711.50 | 2.50 |
| Global 4 Ports Average | 490.00 | 0.50 | 637.50 | 0.50 |
| Global Average Bunker Price | 572.00 | 1.00 | 758.50 | 4.50 |
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