World News
BUNKER PRICES: G20-VLSFO Index Rises for Sixth Day
Bunker prices mostly advanced at ports around the world on Tuesday, with global average VLSFO prices climbing for a sixth consecutive trading session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1/mt to $532/mt on Tuesday, reaching its highest level since April 4.
The G20-HSFO Index jumped by $3.50/mt to $465/mt, while the G20-MGO Index rose by $1/mt to $708/mt.
ICE Brent crude futures jumped by $1.67/bl to $66.63/bl on Tuesday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices rose by $2.50/mt to $516.50/mt, at Rotterdam they advanced by $5.50/mt to $464.50/mt, at Fujairah they fell by $4.50/mt to $504/mt, and at Houston they jumped by $1.50/mt to $461.50/mt.
On Wednesday morning Brent crude futures were trading down by $0.26/bl from the previous session's close at $66.37/bl as of 6:46 AM in London. In metric tonne terms that would be equivalent to a $1.96/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 516.50 | 2.50 | 598.00 | 0.50 |
| Rotterdam | 464.50 | 5.50 | 612.50 | 6.00 |
| Houston | 461.50 | 1.50 | 610.50 | 1.00 |
| Fujairah | 504.00 | 4.50 | 716.50 | 1.00 |
| Global 20 Ports Average | 532.00 | 1.00 | 708.00 | 1.00 |
| Global 4 Ports Average | 486.50 | 1.00 | 634.50 | 1.50 |
| Global Average Bunker Price | 570.50 | 1.00 | 755.50 | 2.00 |
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