World News
BUNKER PRICES: G20-VLSFO Index Climbs to One-Week High
Bunker fuel prices rose at most ports on Wednesday, with global average VLSFO prices advancing to the highest level in more than a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $5/mt to $608.50/mt on Wednesday, reaching the highest level since October 15.
The G20-HSFO Index rose by $8.50/mt to $535.50/mt, while the G20-MGO Index climbed by $4/mt to $749/mt.
ICE Brent crude futures dropped by $1.08/bl to $74.96/bl on Wednesday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices gained $11.50/mt to $601.50/mt, at Rotterdam they rose by $1/mt to $543/mt, at Fujairah they climbed by $6/mt to $585.50/mt, and at Houston they advanced by $4.50/mt to $541.50/mt.
On Thursday morning Brent futures were trading up by $0.90/bl from the previous session's close at $75.86/bl as of 5:32 AM in London. In metric tonne terms that would be equivalent to a $6.78/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 601.50 | 11.50 | 662.50 | 7.00 |
| Rotterdam | 543.00 | 1.00 | 661.50 | 3.50 |
| Houston | 541.50 | 4.50 | 664.00 | 1.50 |
| Fujairah | 585.50 | 6.00 | 763.50 | 6.00 |
| Global 20 Ports Average | 608.50 | 5.00 | 749.00 | 4.00 |
| Global 4 Ports Average | 568.00 | 6.00 | 688.00 | 3.00 |
| Global Average Bunker Price | 648.50 | 2.00 | 813.00 | 3.00 |
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