World News
BUNKER PRICES: G20-VLSFO Index Advances to Four-Week High
Bunker fuel prices advanced at most ports on Wednesday, with global average VLSFO prices climbing to the highest level in almost four weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $5.50/mt to $641/mt on Wednesday, reaching the highest level since December 28. The G20-HSFO Index rose by $0.50/mt to $492.50/mt, while the G20-MGO Index climbed by $1/mt to $856/mt.
ICE Brent crude futures rose by $0.49/bl to $80.04/bl on Wednesday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices rose by $7/mt to $625.50/mt, at Rotterdam they lost $0.50/mt to $559/mt, at Fujairah they advanced by $3/mt to $615.50/mt, and at Houston they sank by $8/mt to $598/mt.
On Thursday morning Brent crude futures were trading up by $0.37/bl at $80.41/bl as of 6:09 AM in London. In metric tonne terms that would be equivalent to a $2.79/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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