World News
BUNKER PRICES: G20-VLSFO Index Jumps to Five-Week High
Bunker fuel prices advanced at most ports on Wednesday, with global average VLSFO prices jumping to the highest level in five weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $2/mt to $635.50/mt on Wednesday, reaching the highest level since May 20.
The G20-HSFO Index fell by $1/mt to $540.50/mt, while the G20-MGO Index slipped by $1/mt to $843/mt.
ICE Brent crude futures rose by $0.24/bl to $85.25/bl on Wednesday.
VLSFO prices at the top ports mostly followed a negative trend. At Singapore prices lost $1/mt to $622/mt, at Rotterdam they were little changed at $570/mt, at Fujairah they were little changed at $623.50/mt, and at Houston they sank by $9/mt to $602/mt.
On Thursday morning Brent futures were trading down by $0.16/bl from the previous session's close at $85.09/bl as of 7:52 AM in London. In metric tonne terms that would be equivalent to a $1.20/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 642.50 | 4.50 | 771.50 | 9.50 |
| Rotterdam | 586.50 | 3.00 | 772.50 | 4.50 |
| Houston | 612.00 | 5.00 | 815.00 | 20.00 |
| Fujairah | 642.00 | 3.00 | 861.00 | 3.00 |
| Global 20 Ports Average | 648.50 | 0.50 | 855.50 | 2.00 |
| Global 4 Ports Average | 620.50 | 0.50 | 805.00 | 9.00 |
| Global Average Bunker Price | 693.50 | 1.50 | 912.00 | 1.50 |
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