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 | 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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