World News
BUNKER PRICES: G20-VLSFO Index Climbs for First in Six Sessions
Bunker fuel prices rose at most ports on Wednesday, with global average VLSFO prices advancing for the first in six consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $0.50/mt to $610/mt on Wednesday, having reached the lowest level since August 8 the previous day.
The G20-HSFO Index fell by $1.50/mt to $504.50/mt, while the G20-MGO Index sank by $4/mt to $770/mt.
ICE Brent crude futures dropped by $1.15/bl to $76.05/bl on Wednesday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices gained $4/mt to $603.50/mt, at Rotterdam they fell by $2.50/mt to $540.50/mt, at Fujairah they advanced by $6.50/mt to $598/mt, and at Houston they dropped by $3.50/mt to $547/mt.
On Thursday morning Brent futures were trading up by $0.01/bl from the previous session's close at $76.06/bl as of 7:29 AM in London. In metric tonne terms that would be equivalent to a $0.08/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 581.50 | 5.50 | 623.00 | 1.50 |
| Rotterdam | 507.00 | 0.50 | 613.50 | 2.50 |
| Houston | 516.00 | 2.50 | 648.50 | 6.50 |
| Fujairah | 572.00 | 2.50 | 776.50 | 2.00 |
| Global 20 Ports Average | 588.50 | 2.00 | 730.00 | 1.50 |
| Global 4 Ports Average | 544.00 | 1.50 | 665.50 | 3.00 |
| Global Average Bunker Price | 633.50 | 1.50 | 802.00 | 0.50 |
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