World News
BUNKER PRICES: G20-VLSFO Index Rises to Three-Week High
Bunker fuel prices advanced at ports around the world on Wednesday, with global average VLSFO prices climbing to the highest level in three weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1/mt to $556.50/mt on Wednesday, reaching its highest level since March 5.
The G20-HSFO Index rose by $0.50/mt to $493/mt, while the G20-MGO Index was little changed at $754.50/mt.
ICE Brent crude futures rose by $0.77/bl to $73.79/bl on Wednesday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices gained $2/mt to $524.50/mt, at Rotterdam they rose by $2/mt to $500/mt, at Fujairah they advanced by $1/mt to $520.50/mt, and at Houston they climbed by $3/mt to $532/mt.
On Thursday morning Brent futures were trading up by $0.76/bl from the previous session's close at $73.55/bl as of 8:21 AM in London. In metric tonne terms that would be equivalent to a $5.72/mt rise on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 501.50 | 4.50 | 609.00 | 5.50 |
| Rotterdam | 465.50 | 12.50 | 613.00 | 2.00 |
| Houston | 474.00 | 1.50 | 637.50 | 8.00 |
| Fujairah | 498.50 | 4.50 | 725.50 | 9.00 |
| Global 20 Ports Average | 529.50 | 6.00 | 717.00 | 3.00 |
| Global 4 Ports Average | 485.00 | 5.00 | 646.00 | 2.00 |
| Global Average Bunker Price | 568.00 | 4.50 | 754.50 | 7.00 |
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