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BUNKER PRICES: G20-VLSFO Index Jumps to Two-Week High
Bunker fuel prices rose at most ports on Tuesday, with global average VLSFO prices climbing to the highest level in almost two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $6.50/mt to $624.50/mt on Tuesday, reaching the highest level since August 1.
The G20-HSFO Index climbed by $3/mt to $520.50/mt, while the G20-MGO Index rose by $6/mt to $793.50/mt.
ICE Brent crude futures sank by $1.61/bl to $80.69/bl on Tuesday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices gained $17.50/mt to $619.50/mt, at Rotterdam they rose by $8/mt to $556.50/mt, at Fujairah they advanced by $11.50/mt to $612/mt, and at Houston they jumped by $6.50/mt to $571/mt.
On Wednesday morning Brent futures were trading up by $0.55/bl from the previous session's close at $81.25/bl as of 6:40 AM in London. In metric tonne terms that would be equivalent to a $4.14/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 592.50 | 12.00 | 629.00 | 0.50 |
| Rotterdam | 507.00 | 9.00 | 616.50 | 3.50 |
| Houston | 506.50 | 9.50 | 652.50 | 5.50 |
| Fujairah | 589.00 | 8.50 | 775.00 | 5.00 |
| Global 20 Ports Average | 596.00 | 8.00 | 734.50 | 4.50 |
| Global 4 Ports Average | 548.50 | 10.00 | 668.00 | 4.00 |
| Global Average Bunker Price | 644.00 | 7.00 | 814.00 | 5.00 |
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