World News
BUNKER PRICES: G20-VLSFO Index Climbs for Second Day
Bunker prices advanced at ports around the world on Wednesday, with global average VLSFO prices following crude futures higher and paring the previous day's losses.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $2.50/mt to $529/mt on Wednesday, adding to the previous day's $0.50/mt gain.
The G20-HSFO Index jumped by $4/mt to $465/mt, while the G20-MGO Index advanced by $1.50/mt to $724/mt.
ICE Brent crude futures lost $1.32/bl to $66.12/bl on Wednesday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices gained $6.50/mt to $506.50/mt, at Rotterdam they rose by $1.50/mt to $460/mt, at Fujairah they advanced by $6/mt to $501/mt, and at Houston they jumped by $0.50/mt to $472.50/mt.
On Thursday morning Brent futures were trading up by $0.09/bl from the previous session's close at $66.21/bl as of 6:27 AM in London. In metric tonne terms that would be equivalent to a $0.68/mt rise on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 506.50 | 6.50 | 622.50 | 7.00 |
| Rotterdam | 460.00 | 1.50 | 630.00 | 8.50 |
| Houston | 472.50 | 0.50 | 625.00 | 1.50 |
| Fujairah | 501.00 | 6.00 | 721.00 | 8.00 |
| Global 20 Ports Average | 529.00 | 2.50 | 724.00 | 1.50 |
| Global 4 Ports Average | 485.00 | 3.50 | 649.50 | 5.00 |
| Global Average Bunker Price | 571.00 | 4.00 | 755.50 | 0.00 |
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