World News
BUNKER PRICES: G20-VLSFO Index Jumps to One-Week High
Bunker prices mostly advanced 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 rose by $2/mt to $515/mt on Tuesday, reaching its highest level since October 1.
The G20-HSFO Index advanced by $3/mt to $449.50/mt, while the G20-MGO Index jumped by $0.50/mt to $760/mt.
ICE Brent crude futures slipped by $0.02/bl to $65.45/bl on Tuesday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices rose by $1/mt to $482/mt, at Rotterdam they gained $1/mt to $442.50/mt, at Fujairah they climbed by $1/mt to $483.50/mt, and at Houston they fell by $0.50/mt to $461.50/mt.
On Wednesday morning Brent crude futures were trading up by $0.54/bl from the previous session's close at $65.99/bl as of 6:52 AM in London. In metric tonne terms that would be equivalent to a $4.07/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 482.00 | 1.00 | 679.00 | 2.00 |
| Rotterdam | 442.50 | 1.00 | 665.00 | 3.50 |
| Houston | 461.50 | 0.50 | 660.00 | 1.00 |
| Fujairah | 483.50 | 1.00 | 736.50 | 2.50 |
| Global 20 Ports Average | 515.00 | 2.00 | 760.00 | 0.50 |
| Global 4 Ports Average | 467.50 | 1.00 | 685.00 | 0.00 |
| Global Average Bunker Price | 557.00 | 1.50 | 801.00 | 2.50 |
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