World News
BUNKER PRICES: G20-VLSFO Index Climbs for Second Day
Bunker prices mostly rose at ports around the world on Wednesday, with global average VLSFO prices climbing for a second consecutive trading session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports jumped by $1.50/mt to $485/mt on Wednesday, reaching its highest level since October 16.
The G20-HSFO Index rose by $2/mt to $427/mt, while the G20-MGO Index advanced by $6.50/mt to $738.50/mt.
ICE Brent crude futures rose by $1.27/bl to $62.59/bl on Wednesday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices rose by $3/mt to $446.50/mt, at Rotterdam they advanced by $0.50/mt to $419.50/mt, at Fujairah they jumped by $2.50/mt to $440/mt, and at Houston they climbed by $6/mt to $434.50/mt.
On Thursday morning Brent crude futures were trading up by $2.06/bl from the previous session's close at $64.65/bl as of 6:02 AM in London. In metric tonne terms that would be equivalent to a $15.51/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 446.50 | 3.00 | 669.00 | 3.50 |
| Rotterdam | 419.50 | 0.50 | 634.00 | 7.00 |
| Houston | 434.50 | 6.00 | 640.00 | 10.50 |
| Fujairah | 440.00 | 2.50 | 729.50 | 3.00 |
| Global 20 Ports Average | 485.00 | 1.50 | 738.50 | 6.50 |
| Global 4 Ports Average | 435.00 | 3.00 | 668.00 | 6.00 |
| Global Average Bunker Price | 528.00 | 0.50 | 776.00 | 3.00 |
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