World News
BUNKER PRICES: G20-VLSFO Index Holds Steady as Oil Recovers
Bunker fuel prices were mixed in direction at ports around the world on Tuesday, with global average VLSFO prices holding steady overall despite a rise in crude.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports was little changed at $593/mt on Tuesday, remaining at the lowest level since December 6, 2021. The G20-HSFO Index rose by $4.50/mt to $460.50/mt, while the G20-MGO Index declined by $5.50/mt to $869.50/mt.
ICE Brent crude futures gained $1.53/bl to $75.32/bl on Tuesday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices rose by $1.50/mt to $545/mt, at Rotterdam they advanced by $7/mt to $531/mt, at Fujairah they climbed by $8.50/mt to $557.50/mt and at Houston they dropped by $9.50/mt to $556.50/mt.
On Wednesday morning Brent futures were trading down by $0.23/bl at $75.09/bl as of 9:39 AM in London. In metric tonne terms that would amount to a $1.73/mt fall 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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