World News
BUNKER PRICES: G20-VLSFO Index Holds Steady Despite Rise in Crude
Bunker prices were mixed in direction at ports around the world on Tuesday, with global average VLSFO prices holding steady overall despite a small rise in crude.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports was little changed at $553/mt on Tuesday, remaining at its lowest level since June 12.
The G20-HSFO Index sank by $1.50/mt to $469/mt, while the G20-MGO Index dropped by $1/mt to $755/mt.
ICE Brent crude futures advanced by $0.37/bl to $67.11/bl on Tuesday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices rose by $2/mt to $524.50/mt, at Rotterdam they climbed by $2.50/mt to $494/mt, at Fujairah they advanced by $5/mt to $517/mt, and at Houston they jumped by $3/mt to $489/mt.
On Wednesday morning Brent crude futures were trading up by $0.07/bl from the previous session's close at $67.18/bl as of 6:11 AM in London. In metric tonne terms that would be equivalent to a $0.53/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 522.00 | 3.50 | 680.50 | 9.00 |
| Rotterdam | 505.50 | 2.00 | 708.00 | 6.00 |
| Houston | 496.50 | 1.50 | 700.00 | 2.50 |
| Fujairah | 512.50 | 6.00 | 737.50 | 14.50 |
| Global 20 Ports Average | 552.00 | 5.00 | 770.50 | 3.00 |
| Global 4 Ports Average | 509.00 | 3.50 | 706.50 | 7.00 |
| Global Average Bunker Price | 586.50 | 5.00 | 812.50 | 4.00 |
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