World News
BUNKER PRICES: G20-VLSFO Index Advances to Three-Day High
Bunker fuel prices advanced at ports around the world on Tuesday, with global average VLSFO prices climbing to the highest level in three days.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1.50/mt to $553/mt on Tuesday, reaching its highest level since March 13.
The G20-HSFO Index rose by $2.50/mt to $494.50/mt, while the G20-MGO Index jumped by $2.50/mt to $746/mt.
ICE Brent crude futures declined by $0.51/bl to $70.56/bl on Tuesday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices rose by $5/mt to $518.50/mt, at Rotterdam they were little changed at $497/mt, at Fujairah they advanced by $3/mt to $514/mt, and at Houston they jumped by $7/mt to $531.50/mt.
On Wednesday morning Brent futures were trading down by $0.34/bl from the previous session's close at $70.22/bl as of 6:00 AM in London. In metric tonne terms that would be equivalent to a $2.56/mt fall on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 518.50 | 5.00 | 648.00 | 3.00 |
| Rotterdam | 497.00 | 0.00 | 631.00 | 1.50 |
| Houston | 531.50 | 7.00 | 675.50 | 9.50 |
| Fujairah | 514.00 | 3.00 | 744.00 | 1.00 |
| Global 20 Ports Average | 553.00 | 1.50 | 746.00 | 2.50 |
| Global 4 Ports Average | 515.50 | 4.00 | 674.50 | 3.50 |
| Global Average Bunker Price | 596.50 | 0.00 | 778.50 | 2.00 |
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