World News
BUNKER PRICES: G20-VLSFO Index Jumps to One-Week High
Bunker fuel prices advanced at most ports on Tuesday, with global average VLSFO prices climbing to the highest level in more than a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $5/mt to $611.50/mt on Tuesday, reaching the highest level since June 3. The G20-HSFO Index jumped by $7.50/mt to $531/mt, while the G20-MGO Index slipped by $3.50/mt to $789/mt.
ICE Brent crude futures jumped by $0.29/bl to $81.92/bl on Tuesday.
VLSFO prices at the top ports followed a positive trend. At Singapore prices gained $5/mt to $586/mt, at Rotterdam they climbed by $6/mt to $539.50/mt, at Fujairah they advanced by $10/mt to $593.50/mt, and at Houston they rose by $7.50/mt to $574.50/mt.
On Wednesday morning Brent futures were trading up by $0.50/bl from the previous session's close at $82.42/bl as of 6:44 AM in London. In metric tonne terms that would be equivalent to a $3.77/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 623.00 | 7.00 | 758.00 | 7.50 |
| Rotterdam | 570.00 | 7.50 | 766.00 | 3.00 |
| Houston | 611.00 | 13.00 | 784.50 | 11.00 |
| Fujairah | 623.50 | 9.50 | 861.50 | 10.00 |
| Global 20 Ports Average | 633.50 | 6.00 | 844.00 | 0.00 |
| Global 4 Ports Average | 607.00 | 9.50 | 792.50 | 8.00 |
| Global Average Bunker Price | 672.50 | 7.00 | 899.50 | 1.00 |
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