World News
BUNKER PRICES: G20-VLSFO Index Advances for Second Session
Bunker fuel prices advanced at most ports on Wednesday, with global average VLSFO prices rising for a second session and climbing to the highest level in more than a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $4/mt to $615.50/mt on Wednesday, reaching the highest level since June 3. The G20-HSFO Index jumped by $1.50/mt to $532.50/mt, while the G20-MGO Index advanced by $5.50/mt to $794.50/mt.
ICE Brent crude futures jumped by $0.68/bl to $82.60/bl on Wednesday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices gained $9/mt to $595/mt, at Rotterdam they climbed by $8/mt to $547.50/mt, at Fujairah they advanced by $4.50/mt to $598/mt, and at Houston they slipped by $2/mt to $572.50/mt.
On Thursday morning Brent futures were trading down by $0.25/bl from the previous session's close at $82.35/bl as of 8:45 AM in London. In metric tonne terms that would be equivalent to a $1.88/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 627.50 | 5.50 | 765.00 | 12.50 |
| Rotterdam | 573.00 | 3.00 | 768.00 | 3.00 |
| Houston | 606.00 | 4.00 | 776.50 | 2.50 |
| Fujairah | 626.00 | 2.50 | 859.00 | 4.00 |
| Global 20 Ports Average | 637.50 | 2.00 | 844.50 | 1.50 |
| Global 4 Ports Average | 608.00 | 3.50 | 792.00 | 5.50 |
| Global Average Bunker Price | 675.50 | 1.00 | 901.00 | 1.50 |
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