World News
BUNKER PRICES: G20-VLSFO Index Advances to Two-Week High
Bunker fuel prices rose at most ports on Tuesday, with global VLSFO prices reaching the highest level in more than two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $4.50/mt to $654/mt on Tuesday, reaching the highest level since February 20. The G20-HSFO Index rose by $7/mt to $482/mt, while the G20-MGO Index declined by $7.50/mt to $934/mt.
ICE Brent crude futures lost $2.89/bl to $83.29/bl on Tuesday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices rose by $10/mt to $622/mt, at Rotterdam they advanced by $7/mt to $597.50/mt, at Fujairah they climbed by $9.50/mt to $619/mt and at Houston they were unchanged at $637/mt.
On Wednesday morning Brent futures were trading up by $0.05/bl at $83.34/bl as of 9:53 AM in London. In metric tonner terms that would amount to a $0.38/mt rally 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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