World News
BUNKER PRICES: G20-VLSFO Index Rallies
Bunker fuel prices advanced at most ports on Wednesday, with global average VLSFO prices climbing and recovering some of the previous day's losses.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1/mt to $662/mt on Wednesday, having slipped by $3/mt the previous day and reached the lowest level since August 31. The G20-HSFO Index gained $8/mt to $586/mt, while the G20-MGO Index rose by $2.50/mt to $980.50/mt.
ICE Brent crude futures gained $0.56/bl to $90.60/bl on Wednesday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices gained $3.50/mt to $645.50/mt, at Rotterdam they climbed by $4/mt to $609/mt, at Fujairah they advanced by $5.50/mt to $639.50/mt, and at Houston they slipped by $4/mt to $653/mt.
On Thursday morning Brent crude futures were trading down by $0.30/bl at $90.30/bl as of 9:30 AM in London. In metric tonne terms that would be equivalent to a $2.26/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 611.00 | 1.50 | 730.00 | 7.00 |
| Rotterdam | 557.50 | 1.00 | 718.50 | 2.00 |
| Houston | 576.00 | 1.00 | 750.50 | 2.50 |
| Fujairah | 608.50 | 2.50 | 829.00 | 2.00 |
| Global 20 Ports Average | 624.50 | 2.50 | 817.50 | 3.00 |
| Global 4 Ports Average | 588.50 | 0.50 | 757.00 | 2.50 |
| Global Average Bunker Price | 678.50 | 3.50 | 883.50 | 2.00 |
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