World News
BUNKER PRICES: G20-VLSFO Index Jumps to Two-Week High
Bunker fuel prices advanced at most ports on Tuesday, with global average VLSFO prices climbing to the highest level in almost two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $3.50/mt to $669.50/mt on Tuesday, reaching the highest level since March 20. The G20-HSFO Index rose by $4.50/mt to $534.50/mt, while the G20-MGO jumped by $10/mt to $889.50/mt.
ICE Brent crude futures gained $1.50/bl to $88.92/bl on Tuesday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices declined by $0.50/mt to $645/mt, at Rotterdam they gained $7.50/mt to $610/mt, at Fujairah they rose by $4.50/mt to $649.50/mt, and at Houston they climbed by $4/mt to $658/mt.
On Wednesday morning Brent futures were trading up by $0.15/bl from the previous session's close at $89.07/bl as of 8:25 AM in London. In metric tonne terms that would be equivalent to a $1.13/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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