World News
BUNKER PRICES: G20-VLSFO Index Advances to Six-Week High
Bunker fuel prices continued to advance at most ports on Tuesday, with global average VLSFO prices climbing to the highest level in more than six weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $7/mt to $640.50/mt on Tuesday, reaching the highest level since April 17. The G20-HSFO Index climbed by $0.50/mt to $562.50/mt, while the G20-MGO Index gained $14.50/mt to $910.50/mt.
ICE Brent crude futures lost $0.52/bl to $84.91/bl on Tuesday.
VLSFO prices at the top ports mostly had a positive trend. At Singapore prices advanced by $8.50/mt to $628/mt, at Rotterdam they gained $13.50/mt tot $604/mt, at Fujairah they climbed by $12.50/mt to $624.50/mt, and at Houston they fell by $0.50/mt to $597/mt.
On Wednesday morning Brent crude futures were trading up by $0.61/bl at $85.52/bl as of 8:30 AM in London. In metric tonne terms that would be equivalent to a $4.59/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 601.50 | 11.50 | 662.50 | 7.00 |
| Rotterdam | 543.00 | 1.00 | 661.50 | 3.50 |
| Houston | 541.50 | 4.50 | 664.00 | 1.50 |
| Fujairah | 585.50 | 6.00 | 763.50 | 6.00 |
| Global 20 Ports Average | 608.50 | 5.00 | 749.00 | 4.00 |
| Global 4 Ports Average | 568.00 | 6.00 | 688.00 | 3.00 |
| Global Average Bunker Price | 648.50 | 2.00 | 813.00 | 3.00 |
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