Bunker prices mostly advanced at ports around the world on Wednesday, with global average VLSFO prices climbing for the first in four consecutive trading sessions.
Ship & Bunker’s G20-VLSFO Index of prices across 20 leading bunkering ports rose by $/mt to $/mt on Wednesday, reaching its highest level since September 19.
The G20-HSFO Index jumped by $7/mt to $/mt, while the G20-MGO Index advanced by $/mt to $/mt.
ICE Brent crude futures rose by $/bl to $/bl on Wednesday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices rose by $/mt to $/mt, at Rotterdam they advanced by $1/mt to $/mt, at Fujairah they jumped by $6/mt to $/mt, and at Houston they climbed by $3/mt to $/mt.
On Thursday morning Brent crude futures were trading down by $/bl from the previous session’s close at $/bl as of 4:32 AM in London. In metric tonne terms that would be equivalent to a $/mt fall in bunker prices.
