World News
BUNKER PRICES: G20-VLSFO Index Advances to Two-Week High
Bunker fuel prices jumped at most ports on Tuesday, with global average VLSFO prices rising to the highest level in almost two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $6/mt to $629/mt on Tuesday, reaching the highest level since December 6. The G20-HSFO Index rose by $5/mt to $507/mt, while the G20-MGO Index dropped by $14/mt to $840.50/mt.
ICE Brent crude futures advanced by $1.28/bl to $79.23/bl on Tuesday.
VLSFO prices at the top ports followed a positive trend. At Singapore prices rose by $11/mt to $610/mt, at Rotterdam they gained $13/mt to $554/mt, at Fujairah they jumped by $11/mt to $617/mt, and at Houston they advanced by $2.50/mt to $562/mt.
On Wednesday morning Brent crude futures were trading up by $0.04/bl at $79.27/bl as of 6:21 AM in London. In metric tonne terms that would be equivalent to a $0.30/mt rise 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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