World News
BUNKER PRICES: G20-VLSFO Index Advances for Eighth Consecutive Session
Bunker fuel prices advanced at most ports on Tuesday, with global average VLSFO prices climbing for an eighth consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1.50/mt to $665/mt on Tuesday, remaining at the highest level since November 24. The G20-HSFO Index rose by $1/mt to $510/mt, while the G20-MGO Index climbed by $3.50/mt to $883.50/mt.
ICE Brent crude futures rose by $0.47/bl to $82.87/bl on Tuesday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices rose by $5/mt to $667.50/mt, at Rotterdam they gained $8/mt to $593/mt, at Fujairah they fell by $6.50/mt to $637.50/mt, and at Houston they jumped by $0.50/mt to $625.50/mt.
On Wednesday morning Brent crude futures were trading down by $0.31/bl at $82.56/bl as of 6:43 AM in London. In metric tonne terms that would be equivalent to a $2.33/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 624.50 | 1.00 | 732.00 | 8.50 |
| Rotterdam | 571.00 | 3.00 | 758.00 | 16.50 |
| Houston | 591.50 | 4.00 | 760.00 | 5.50 |
| Fujairah | 629.00 | 0.50 | 877.50 | 3.00 |
| Global 20 Ports Average | 637.00 | 0.00 | 819.00 | 3.00 |
| Global 4 Ports Average | 604.00 | 0.00 | 782.00 | 5.50 |
| Global Average Bunker Price | 688.00 | 2.50 | 879.00 | 1.00 |
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