World News
BUNKER PRICES: G20-VLSFO Index Jumps to Two-Week High
Bunker fuel prices rose at most ports on Wednesday, with average global VLSFO prices advancing to the highest level in two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $3.50/mt to $595/mt on Wednesday, reaching the highest level since May 24. The G20-HSFO Index sank by $0.50/mt to $486/mt, while the G20-MGO Index slipped by $1.50/mt to $778.50/mt.
ICE Brent crude futures gained $0.66/bl to $76.95/bl on Wednesday.
VLSFO prices at the top ports had a positive trend. At Singapore prices jumped by $10.50/mt to $582.50/mt, at Rotterdam they climbed by $7.50/mt to $546.50/mt, at Fujairah they advanced by $8/mt to $567/mt, and at Houston they gained $2/mt to $534.50/mt.
On Thursday morning Brent crude futures were trading up by $0.19/bl at $77.14/bl as of 8:43 AM in London. In metric tonne terms that would be equivalent to a $1.43/mt rise 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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