World News
BUNKER PRICES: G20-VLSFO Index Advances for First Session in Five
Bunker fuel prices advanced at most ports on Wednesday, with global average VLSFO prices climbing for the first in five consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $3/mt to $648/mt on Wednesday, reaching the highest level since February 2. The G20-HSFO Index rose by $2/mt to $496.50/mt, while the G20-MGO Index advanced by $4.50/mt to $873.50/mt.
ICE Brent crude futures rose by $0.62/bl to $79.21/bl on Wednesday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices rose by $3.50/mt to $628/mt, at Rotterdam they gained $3.50/mt to $565.50/mt, at Fujairah they slipped by $1/mt to $611/mt, and at Houston they dropped by $6/mt to $627.50/mt.
On Thursday morning Brent futures were trading up by $0.24/bl from the previous session's close at $79.45/bl as of 5;12 AM in London. In metric tonne terms that would be equivalent to a $1.81/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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