World News
BUNKER PRICES: G20-VLSFO Index Jumps to One-Week High
Bunker fuel prices rose at ports around the world on Tuesday, with global average VLSFO prices climbing to the highest level in almost a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $4/mt to $603/mt on Tuesday, reaching its highest level since February 5.
The G20-HSFO Index gained $4.50/mt to $522.50/mt, while the G20-MGO Index advanced by $7.50/mt to $792.50/mt.
ICE Brent crude futures jumped by $1.13/bl to $77/bl on Tuesday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices rose by $7.50/mt to $585/mt, at Rotterdam they gained $3.50/mt to $549.50/mt, at Fujairah they advanced by $10/mt to $580.50/mt, and at Houston they climbed by $3/mt to $566/mt.
On Wednesday morning Brent futures were trading down by $0.28/bl from the previous session's close at $76.72/bl as of 6:27 AM in London. In metric tonne terms that would be equivalent to a $2.11/mt fall on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 585.00 | 7.50 | 707.00 | 9.00 |
| Rotterdam | 549.50 | 3.50 | 681.00 | 5.50 |
| Houston | 566.00 | 3.00 | 740.00 | 8.00 |
| Fujairah | 580.50 | 10.00 | 776.50 | 15.50 |
| Global 20 Ports Average | 603.00 | 4.00 | 792.50 | 7.50 |
| Global 4 Ports Average | 570.00 | 6.00 | 726.00 | 9.50 |
| Global Average Bunker Price | 645.50 | 2.50 | 836.00 | 10.00 |
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