World News
BUNKER PRICES: G20-VLSFO Index Advances to Three-Day High
Bunker prices mostly advanced at ports around the world on Wednesday, with global average VLSFO prices rising to the highest level in a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $3.50/mt to $518.50/mt on Wednesday, reaching its highest level since April 30.
The G20-HSFO Index jumped by $4/mt to $449.50/mt, while the G20-MGO Index rose by $3/mt to $695.50/mt.
ICE Brent crude futures fell by $1.03/bl to $61.12/bl on Wednesday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices rose by $6/mt to $501/mt, at Rotterdam they declined by $4/mt to $442/mt, at Fujairah they climbed by $9/mt to $493/mt, and at Houston they jumped by $7.50/mt to $445/mt.
On Thursday morning Brent crude futures were trading up by $0.47/bl from the previous session's close at $61.59/bl as of 5:35 AM in London. In metric tonne terms that would be equivalent to a $3.54/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 523.50 | 6.50 | 613.00 | 6.00 |
| Rotterdam | 472.50 | 2.50 | 630.50 | 4.50 |
| Houston | 468.00 | 2.50 | 619.50 | 4.50 |
| Fujairah | 520.00 | 13.00 | 724.00 | 10.50 |
| Global 20 Ports Average | 539.00 | 1.00 | 720.00 | 3.00 |
| Global 4 Ports Average | 496.00 | 3.00 | 647.00 | 1.50 |
| Global Average Bunker Price | 572.50 | 2.00 | 765.00 | 3.00 |
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