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BUNKER PRICES: G20-VLSFO Index Advances for Second Session
Bunker fuel prices advanced for a second consecutive session at most ports on Wednesday.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $6.50/mt to $674/mt on Wednesday, taking it to the highest level since February 3. The G20-HSFO Index jumped by $15/mt to $449/mt, while the G20-MGO Index advanced by $10/mt to $967.50/mt.
ICE Brent crude futures gained $1.40bl to $85.09/bl on Wednesday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices rose by $14/mt to $662.50/mt, at Rotterdam they advanced by $10.50/mt to $593.50/mt, at Fujairah they climbed by $10.50/mt to $646.50/mt and at Houston they slipped by $8/mt to $630.50/mt.
On Wednesday morning Brent futures were trading up by $0.11/bl at $85.20/bl as of 9:49 AM in London. In metric tonne terms that would amount to a $0.83/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.50 | 1.00 | 770.00 | 3.50 |
| Rotterdam | 601.50 | 2.50 | 754.00 | 2.00 |
| Houston | 619.00 | 11.50 | 795.50 | 3.00 |
| Fujairah | 651.50 | 1.00 | 895.00 | 2.00 |
| Global 20 Ports Average | 664.00 | 1.50 | 856.50 | 2.00 |
| Global 4 Ports Average | 630.00 | 3.00 | 803.50 | 2.50 |
| Global Average Bunker Price | 718.00 | 0.50 | 914.50 | 0.50 |
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