World News
BUNKER PRICES: G20-VLSFO Index Advances to Six-Week High
Bunker prices mostly advanced at ports around the world on Wenesday, with global average VLSFO prices climbing to its highest level in almost six weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $8/mt to $540/mt on Wednesday, reaching its highest level since April 4.
The G20-HSFO Index jumped by $8/mt to $483/mt, while the G20-MGO Index rose by $10.50/mt to $718.50/mt.
ICE Brent crude futures slipped by $0.54/bl to $66.09/bl on Wednesday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices rose by $15.50/mt to $532/mt, at Rotterdam they advanced by $8/mt to $472.50/mt, at Fujairah they climbed by $15.50/mt to $519.50/mt, and at Houston they jumped by $8/mt to $469.50/mt.
On Thursday morning Brent crude futures were trading down by $1.44/bl from the previous session's close at $64.65/bl as of 5:47 AM in London. In metric tonne terms that would be equivalent to a $10.84/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 532.00 | 15.50 | 623.00 | 25.00 |
| Rotterdam | 472.50 | 8.00 | 623.00 | 10.50 |
| Houston | 469.50 | 8.00 | 627.00 | 16.50 |
| Fujairah | 519.50 | 15.50 | 725.00 | 8.50 |
| Global 20 Ports Average | 540.00 | 8.00 | 718.50 | 10.50 |
| Global 4 Ports Average | 498.50 | 12.00 | 649.50 | 15.00 |
| Global Average Bunker Price | 576.00 | 5.50 | 759.00 | 3.50 |
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