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 | 511.00 | 2.00 | 602.00 | 3.00 |
| Rotterdam | 469.50 | 6.50 | 609.50 | 5.00 |
| Houston | 472.00 | 5.50 | 618.50 | 9.00 |
| Fujairah | 500.00 | 5.50 | 704.50 | 3.50 |
| Global 20 Ports Average | 531.00 | 1.50 | 706.50 | 3.50 |
| Global 4 Ports Average | 488.00 | 2.00 | 633.50 | 1.00 |
| Global Average Bunker Price | 569.50 | 0.50 | 752.50 | 0.00 |
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