World News
BUNKER PRICES: G20-VLSFO Index Advances to One-Week High
Bunker fuel prices continued to recover at most ports on Tuesday, with average global VLSFO prices advancing to the highest level in a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $3.50/mt to $586.50/mt on Tuesday, reaching the highest level since May 2. The G20-HSFO Index gained $8/mt to $488/mt, while the G20-MGO Index slipped by $1.50/mt to $779/mt.
ICE Brent crude futures gained $0.43/bl to $77.44/bl on Tuesday.
VLSFO prices at the top ports mostly had a positive trend. At Singapore prices rose by $2/mt to $571.50/mt, at Rotterdam they advanced by $6/mt to $539/mt, at Fujairah they lost $3.50/mt to $562/mt, and at Houston they climbed by $2.50/mt to $542.50/mt.
On Wednesday morning Brent crude futures were trading down by $1.03/bl at $76.41/bl as of 9:42 AM in London. In metric tonne terms that would be equivalent to a $7.76/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.50 | 1.00 | 770.00 | 3.50 |
| Rotterdam | 601.50 | 2.50 | 754.00 | 2.00 |
| Houston | 619.00 | 11.50 | 795.50 | 3.00 |
| Fujairah | 651.50 | 1.00 | 895.00 | 2.00 |
| Global 20 Ports Average | 664.00 | 1.50 | 856.50 | 2.00 |
| Global 4 Ports Average | 630.00 | 3.00 | 803.50 | 2.50 |
| Global Average Bunker Price | 718.00 | 0.50 | 914.50 | 0.50 |
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