World News
BUNKER PRICES: G20-VLSFO Index Advances for First in Six Sessions
Bunker fuel prices advanced at most ports on Tuesday, with global average VLSFO prices rising for the first in six consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $1/mt to $662.50/mt on Tuesday, in its first daily advance since April 15. The G20-HSFO Index jumped by $2/mt to $542.50/mt, while the G20-MGO Index dropped by $0.50/mt to $858.50/mt.
ICE Brent crude futures rose by $1.42/bl to $88.42/bl on Tuesday.
VLSFO prices at the top ports followed a positive trend. At Singapore prices advanced by $5.50/mt to $646.50/mt, at Rotterdam they rose by $5/mt to $604/mt, at Fujairah they climbed by $3/mt to $650.50/mt, and at Houston they jumped by $1/mt to $630.50/mt.
On Wednesday morning Brent futures were trading up by $0.16/bl from the previous session's close at $88.58/bl as of 7:01 AM in London. In metric tonne terms that would be equivalent to a $1.20/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 625.00 | 9.00 | 732.00 | 15.00 |
| Rotterdam | 577.50 | 3.50 | 739.50 | 1.00 |
| Houston | 595.00 | 0.50 | 767.00 | 4.50 |
| Fujairah | 628.50 | 4.00 | 878.50 | 11.00 |
| Global 20 Ports Average | 645.50 | 0.50 | 827.00 | 5.00 |
| Global 4 Ports Average | 606.50 | 0.50 | 779.50 | 0.50 |
| Global Average Bunker Price | 703.50 | 4.00 | 886.00 | 6.00 |
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