BUNKER PRICES: Singapore VLSFO Advances to 11-Week High & More Trending News

 

Bunker gas costs superior for a fourth consecutive session at most ports on Wednesday, with the Singapore VLSFO worth reaching the very best stage in 11 weeks.

Ship & Bunker‘s G20-VLSFO Index of costs throughout 20 main bunkering ports gained $1.50/mt to $699.50/mt on Wednesday, remaining on the highest stage since November 17. The G20-HSFO Index misplaced $0.50/mt to $471.50/mt, whereas the G20-MGO Index dropped by $6/mt to $1,063/mt.

ICE Brent crude futures misplaced $0.01bl to $86.12/bl on Wednesday.

VLSFO costs on the prime ports principally had a damaging development. At Singapore costs superior by $2/mt to $701.50/mt, the very best stage since November 8, at Rotterdam they slipped by $2.50/mt to $606.50/mt, at Fujairah they fell by $3/mt to $682/mt and at Houston they dropped by $4/mt to $629.50/mt.

On Thursday morning Brent futures have been buying and selling down by $0.10/bl at $86.02/bl as of 8.58 AM in London. In metric tonne phrases that may quantity to a $0.75/mt decline in bunker costs.

BUNKER PRICES: Singapore VLSFO Advances to 11-Week High

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BUNKER PRICES: Singapore VLSFO Advances to 11-Week High

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BUNKER PRICES: Singapore VLSFO Advances to 11-Week High

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