World News
BUNKER PRICES: G20-VLSFO Index Rises for First Session in Four
Bunker fuel prices advanced at most ports on Tuesday, with global VLSFO prices rising for the first in four consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $2/mt to $667.50/mt on Tuesday. The G20-HSFO Index rallied by $8/mt to $434/mt, while the G20-MGO Index declined by $19.50/mt to $957.50/mt.
ICE Brent crude futures gained $2.70bl to $83.69/bl on Tuesday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices slipped by $2.50/mt to $648.50/mt, at Rotterdam they rose by $15/mt to $583/mt, at Fujairah they climbed by $5.50/mt to $636/mt and at Houston they jumped by $27.50/mt to $638.50/mt.
On Wednesday morning Brent futures were trading up by $1.06/bl at $84.75/bl as of 9:48 AM in London. In metric tonne terms that would amount to a $7.98/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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