World News
BUNKER PRICES: G20-VLSFO Index Rallies
Bunker fuel prices advanced at most ports on Wednesday, with average global VLSFO prices recovering from the previous session's one-week low.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $1/mt to $593/mt on Wednesday, having reached the lowest level since June 28 the previous day. The G20-HSFO Index climbed by $4/mt to $500/mt, while the G20-MGO Index jumped by $3/mt to $778.50/mt.
ICE Brent crude futures gained $0.40/bl to $76.65/bl on Wednesday.
VLSFO prices at the top ports mostly had a positive trend. At Singapore prices fell by $5.50/mt to $585.50/mt, at Rotterdam they rose by $4/mt to $547/mt, at Fujairah they advanced by $3/mt to $575/mt, and at Houston they jumped by $11.50/mt to $534.50/mt.
On Thursday morning Brent crude futures were trading down by $0.30/bl at $76.35/bl as of 7:06 AM in London. In metric tonne terms that would be equivalent to a $2.26/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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