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 rising to the highest level in almost two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports jumped by $4/mt to $559.50/mt on Wednesday, reaching its highest level since June 24.
The G20-HSFO Index rose by $1/mt to $468.50/mt, while the G20-MGO Index jumped by $12.50/mt to $787/mt.
ICE Brent crude futures rose by $0.04/bl to $70.19/bl on Wednesday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices rose by $6.50/mt to $535.50/mt, at Rotterdam they advanced by $8/mt to $527.50/mt, at Fujairah they climbed by $3/mt to $523.50/mt, and at Houston they slipped by $1.50/mt to $500/mt.
On Thursday morning Brent crude futures were trading up by $0.11/bl from the previous session's close at $70.30/bl as of 5:58 AM in London. In metric tonne terms that would be equivalent to a $0.83/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 521.50 | 6.00 | 690.00 | 4.00 |
| Rotterdam | 508.00 | 1.50 | 709.00 | 3.50 |
| Houston | 506.50 | 5.00 | 705.50 | 8.50 |
| Fujairah | 514.00 | 5.50 | 744.00 | 1.50 |
| Global 20 Ports Average | 550.00 | 3.00 | 770.50 | 1.50 |
| Global 4 Ports Average | 512.50 | 4.50 | 712.00 | 2.50 |
| Global Average Bunker Price | 585.50 | 1.50 | 817.00 | 1.50 |
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