World News
BUNKER PRICES: G20-VLSFO Index Jumps to One-Month High
Bunker fuel prices advanced at most ports on Tuesday, with global average VLSFO prices jumping to the highest level in more than a month.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $6/mt to $633.50/mt on Tuesday, reaching the highest level since May 21.
The G20-HSFO Index rose by $1/mt to $541.50/mt, while the G20-MGO Index was little changed at $844/mt.
ICE Brent crude futures fell by $1/bl to $85.01/bl on Tuesday.
VLSFO prices at the top ports followed a positive trend. At Singapore prices gained $7/mt to $623/mt, at Rotterdam they rose by $7.50/mt to $570/mt, at Fujairah they advanced by $9.50/mt to $623.50/mt, and at Houston they climbed by $13/mt to $611/mt.
On Wednesday morning Brent futures were trading up by $0.39/bl from the previous session's close at $85.40/bl as of 6:39 AM in London. In metric tonne terms that would be equivalent to a $2.94/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 628.50 | 2.00 | 766.00 | 4.50 |
| Rotterdam | 575.50 | 2.00 | 769.00 | 3.00 |
| Houston | 603.50 | 6.00 | 784.50 | 3.50 |
| Fujairah | 631.50 | 1.00 | 858.50 | 5.50 |
| Global 20 Ports Average | 636.00 | 2.00 | 845.00 | 4.00 |
| Global 4 Ports Average | 610.00 | 2.50 | 794.50 | 4.00 |
| Global Average Bunker Price | 679.00 | 0.50 | 904.50 | 0.00 |
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