World News
BUNKER PRICES: G20-VLSFO Index Advances to Five-Month High
Bunker fuel prices continued to advance at most ports on Wednesday, with global average VLSFO prices climbing to the highest level in almost five months.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $7/mt to $647.50/mt on Wednesday, reaching the highest level since March 7. The G20-HSFO Index climbed by $12/mt to $574.50/mt, while the G20-MGO Index gained $10.50/mt to $921/mt.
ICE Brent crude futures lost $1.71/bl to $83.20/bl on Wednesday.
VLSFO prices at the top ports had a positive trend. At Singapore prices advanced by $10.50/mt to $638.50/mt, at Rotterdam they gained $2/mt tot $606/mt, at Fujairah they climbed by $4.50/mt to $629/mt, and at Houston they rose by $5/mt to $602/mt.
On Thursday morning Brent crude futures were trading down by $0.50/bl at $82.70/bl as of 9:31 AM in London. In metric tonne terms that would be equivalent to a $3.77/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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