World News
BUNKER PRICES: G20-VLSFO Index Climbs to One-Week High
Bunker fuel prices rose at most ports on Wednesday, with global average VLSFO prices climbing to the highest level in more than a week despite this week's slump in crude markets.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $6/mt to $680.50/mt on Wednesday, reaching the highest level since October 23. The G20-HSFO Index gained $4/mt to $538/mt, while the G20-MGO Index advanced by $2/mt to $936/mt.
ICE Brent crude futures sank by $0.39/bl to $84.63/bl on Wednesday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices rose by $23/mt to $700/mt, at Rotterdam they gained $2/mt to $606/mt, at Fujairah they jumped by $16/mt to $688/mt, and at Houston they slipped by $2/mt to $611/mt.
On Thursday morning Brent crude futures were trading up by $0.94/bl at $85.57/bl as of 7:53 AM in London. In metric tonne terms that would be equivalent to a $7.08/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 611.00 | 1.50 | 730.00 | 7.00 |
| Rotterdam | 557.50 | 1.00 | 718.50 | 2.00 |
| Houston | 576.00 | 1.00 | 750.50 | 2.50 |
| Fujairah | 608.50 | 2.50 | 829.00 | 2.00 |
| Global 20 Ports Average | 624.50 | 2.50 | 817.50 | 3.00 |
| Global 4 Ports Average | 588.50 | 0.50 | 757.00 | 2.50 |
| Global Average Bunker Price | 678.50 | 3.50 | 883.50 | 2.00 |
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