World News
BUNKER PRICES: G20-VLSFO Index Advances to Three-Day High
Bunker fuel prices advanced at most ports on Wednesday, with global average VLSFO prices rising to the highest level in three days.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $1.50/mt to $664/mt on Wednesday, reaching the highest level since April 19. The G20-HSFO Index jumped by $1/mt to $543.50/mt, while the G20-MGO Index dropped by $2/mt to $856.50/mt.
ICE Brent crude futures fell by $0.40/bl to $88.02/bl on Wednesday.
VLSFO prices at the top ports were mixed in direction. At Singapore prices advanced by $1/mt to $647.50/mt, at Rotterdam they fell by $2.50/mt to $601.50/mt, at Fujairah they climbed by $1/mt to $651.50/mt, and at Houston they sank by $11.50/mt to $619/mt.
On Thursday morning Brent futures were trading up by $0.13/bl from the previous session's close at $88.19/bl as of 5:41 AM in London. In metric tonne terms that would be equivalent to a $0.98/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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