World News
BUNKER PRICES: G20-VLSFO Index Jumps to One-Month High
Bunker fuel prices advanced at most ports on Wednesday, with global average VLSFO prices climbing to the highest level in more than a month.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $6.50/mt to $651/mt on Wednesday, reaching the highest level since May 1.
The G20-HSFO Index jumped by $2.50/mt to $554/mt, while the G20-MGO Index rose by $5/mt to $858/mt.
ICE Brent crude futures advanced by $1.10/bl to $87.34/bl on Wednesday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices lost $1.50/mt to $640.50/mt, at Rotterdam they rose by $3/mt to $586.50/mt, at Fujairah they were little changed at $639.50/mt, and at Houston they were little changed at $615/mt.
On Thursday morning Brent futures were trading down by $0.73/bl from the previous session's close at $86.61/bl as of 9:18 AM in London. In metric tonne terms that would be equivalent to a $5.50/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 569.50 | 0.00 | 680.00 | 0.00 |
| Rotterdam | 515.00 | 1.00 | 674.00 | 2.00 |
| Houston | 550.00 | 2.50 | 678.00 | 6.50 |
| Fujairah | 560.50 | 0.50 | 753.50 | 2.50 |
| Global 20 Ports Average | 586.00 | 0.00 | 761.00 | 2.00 |
| Global 4 Ports Average | 549.00 | 1.00 | 696.50 | 2.00 |
| Global Average Bunker Price | 634.50 | 1.00 | 800.50 | 2.00 |
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