World News
BUNKER PRICES: G20-VLSFO Index Nears One-Month High
Bunker fuel prices advanced at ports around the world on Tuesday, with global average VLSFO prices climbing to the highest level in almost a month.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $4.50/mt to $565/mt on Tuesday, reaching its highest level since March 4.
The G20-HSFO Index rose by $3.50/mt to $501.50/mt, while the G20-MGO Index jumped by $6.50/mt to $765.50/mt.
ICE Brent crude futures slipped by $0.28/bl to $74.49/bl on Tuesday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices gained $6.50/mt to $538/mt, at Rotterdam they rose by $3/mt to $504/mt, at Fujairah they advanced by $4.50/mt to $534/mt, and at Houston they fell by $3.50/mt to $533.50/mt.
On Wednesday morning Brent futures were trading up by $0.02/bl from the previous session's close at $74.51/bl as of 6:16 AM in London. In metric tonne terms that would be equivalent to a $0.15/mt rise on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 543.00 | 5.00 | 668.00 | 0.50 |
| Rotterdam | 503.50 | 0.50 | 674.00 | 0.50 |
| Houston | 535.00 | 1.50 | 687.50 | 2.00 |
| Fujairah | 539.50 | 5.50 | 750.50 | 2.00 |
| Global 20 Ports Average | 567.00 | 2.00 | 764.00 | 1.50 |
| Global 4 Ports Average | 530.00 | 2.50 | 695.00 | 1.50 |
| Global Average Bunker Price | 601.50 | 4.00 | 797.50 | 2.00 |
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