World News
BUNKER PRICES: G20-VLSFO Index Jumps to Three-Week High
Bunker fuel prices advanced at most ports on Wednesday, with average global VLSFO prices hitting the highest level in more than three weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $11/mt to $596/mt on Wednesday, reaching the highest level since May 2. The G20-HSFO Index gained $5/mt to $492/mt, while the G20-MGO Index climbed by $6.50/mt to $779/mt.
ICE Brent crude futures gained $1.52/bl to $78.36/bl on Wednesday.
VLSFO prices at the top ports had a positive trend. At Singapore prices rose by $5/mt to $583.50/mt, at Rotterdam they advanced by $11.50/mt to $539.50/mt, at Fujairah they jumped by $12.50/mt to $574.50/mt, and at Houston they climbed by $11.50/mt to $537/mt.
On Thursday morning Brent crude futures were trading down by $0.78/bl at $77.58/bl as of 9:45 AM in London. In metric tonne terms that would be equivalent to a $5.87/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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