World News
BUNKER PRICES: G20-VLSFO Index Advances to Four-Month High
Bunker fuel prices advanced at most ports on Wednesday, with global average VLSFO prices climbing to the highest level in more than four months.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $4/mt to $673.50/mt on Wednesday, reaching the highest level since November 22. The G20-HSFO Index rose by $5/mt to $539.50/mt, while the G20-MGO jumped by $4.50/mt to $894/mt.
ICE Brent crude futures gained $0.43/bl to $89.35/bl on Wednesday.
VLSFO prices at the top ports followed a positive trend. At Singapore prices advanced by $7.50/mt to $652.50/mt, at Rotterdam they gained $4.50/mt to $614.50/mt, at Fujairah they rose by $2.50/mt to $652/mt, and at Houston they climbed by $3/mt to $661/mt.
On Thursday morning Brent futures were trading down by $0.06/bl from the previous session's close at $89.29/bl as of 10:31 AM in London. In metric tonne terms that would be equivalent to a $0.45/mt fall 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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