World News
BUNKER PRICES: G20-VLSFO Index Advances for First Session in Seven
Bunker fuel prices rose at most ports on Tuesday, with global average VLSFO prices advancing for the first in seven consecutive sessions.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1.50/mt to $603.50/mt on Tuesday, having reached the lowest level since October 1 the previous day.
The G20-HSFO Index rose by $18/mt to $527/mt, while the G20-MGO Index climbed by $0.50/mt to $745/mt.
ICE Brent crude futures rose by $1.75/bl to $76.04/bl on Tuesday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices gained $1/mt to $590/mt, at Rotterdam they fell by $5.50/mt to $542/mt, at Fujairah they climbed by $3.50/mt to $579.50/mt, and at Houston they advanced by $3/mt to $537/mt.
On Wednesday morning Brent futures were trading down by $0.41/bl from the previous session's close at $75.63/bl as of 8:21 AM in London. In metric tonne terms that would be equivalent to a $3.09/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 590.00 | 1.00 | 655.50 | 1.00 |
| Rotterdam | 542.00 | 5.50 | 665.00 | 18.00 |
| Houston | 537.00 | 3.00 | 662.50 | 7.50 |
| Fujairah | 579.50 | 3.50 | 757.50 | 2.00 |
| Global 20 Ports Average | 603.50 | 1.50 | 745.00 | 0.50 |
| Global 4 Ports Average | 562.00 | 0.50 | 685.00 | 6.50 |
| Global Average Bunker Price | 646.50 | 1.50 | 810.00 | 2.50 |
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