World News
BUNKER PRICES: G20-VLSFO Index Rises for First in Eight Sessions
Bunker fuel prices advanced at most ports on Tuesday, with average global VLSFO prices climbing for the first in eight sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $5.50/mt to $617/mt on Tuesday, its first advance since April 13. The G20-HSFO Index gained $2.50/mt to $510.50/mt, while the G20-MGO Index dropped by $0.50/mt to $834.50/mt.
ICE Brent crude futures lost $1.96/bl to $80.77/bl on Tuesday.
VLSFO prices at the top ports had a mixed trend. At Singapore prices rose by $11/mt to $605.50/mt, at Rotterdam they advanced by $4.50/mt to $562.50/mt, at Fujairah they climbed by $5/mt to $596/mt and at Houston they sank by $5.50/mt to $570.50/mt.
On Wednesday morning Brent crude futures were trading up by $0.45/bl at $81.22/bl as of 9:53 AM in London. In metric tonne terms that would be equivalent to a $3.39/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.50 | 1.00 | 770.00 | 3.50 |
| Rotterdam | 601.50 | 2.50 | 754.00 | 2.00 |
| Houston | 619.00 | 11.50 | 795.50 | 3.00 |
| Fujairah | 651.50 | 1.00 | 895.00 | 2.00 |
| Global 20 Ports Average | 664.00 | 1.50 | 856.50 | 2.00 |
| Global 4 Ports Average | 630.00 | 3.00 | 803.50 | 2.50 |
| Global Average Bunker Price | 718.00 | 0.50 | 914.50 | 0.50 |
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