World News
BUNKER PRICES: G20-VLSFO Index Advances for Second Day
Bunker fuel prices rose at most ports on Tuesday, with global average VLSFO prices climbing for a second consecutive session despite this week's slump in crude markets.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1.50/mt to $674.50/mt on Tuesday, remaining at the highest level since October 24. The G20-HSFO Index lost $1.50/mt to $534/mt, while the G20-MGO Index declined by $6/mt to $934/mt.
ICE Brent crude futures sank by $1.33/bl to $85.02/bl on Tuesday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices rose by $5/mt to $677/mt, at Rotterdam they lost $1.50/mt to $604/mt, at Fujairah they jumped by $6.50/mt to $672/mt, and at Houston they gained $1/mt to $613/mt.
On Wednesday morning Brent crude futures were trading up by $0.47/bl at $85.49/bl as of 8:55 AM in London. In metric tonne terms that would be equivalent to a $3.54/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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