World News
BUNKER PRICES: G20-VLSFO Index Rises to One-Week High
Bunker fuel prices advanced at ports around the world on Wednesday, with global average VLSFO prices climbing to the highest level in a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $2/mt to $596.50/mt on Wednesday, reaching its highest level since February 12.
The G20-HSFO Index rose by $4.50/mt to $518.50/mt, while the G20-MGO Index fell by $10/mt to $778.50/mt.
ICE Brent crude futures climbed by $0.20/bl to $76.04/bl on Wednesday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices rose by $4/mt to $574.50mt, at Rotterdam they gained $2/mt to $540/mt, at Fujairah they advanced by $3/mt to $570/mt, and at Houston they jumped by $2.50/mt to $560.50/mt.
On Thursday morning Brent futures were trading down by $0.19/bl from the previous session's close at $75.85/bl as of 5:53 AM in London. In metric tonne terms that would be equivalent to a $1.43/mt fall on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 573.50 | 1.00 | 695.00 | 3.00 |
| Rotterdam | 542.00 | 2.00 | 686.50 | 6.50 |
| Houston | 565.50 | 5.00 | 738.50 | 12.50 |
| Fujairah | 569.50 | 0.50 | 773.50 | 3.00 |
| Global 20 Ports Average | 598.00 | 1.50 | 787.00 | 8.50 |
| Global 4 Ports Average | 562.50 | 1.50 | 723.50 | 6.50 |
| Global Average Bunker Price | 640.50 | 0.50 | 831.00 | 2.00 |
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