World News
BUNKER PRICES: G20-VLSFO Index Rallies With Crude
Bunker prices rallied at ports around the world on Tuesday, with global average VLSFO prices following crude futures higher.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1.50/mt to $515/mt on Tuesday, having reached its lowest level since August 2021 the previous day.
The G20-HSFO Index jumped by $5.50/mt to $445.50/mt, while the G20-MGO Index dropped by $2/mt to $692.50/mt.
ICE Brent crude futures rose by $1.92/bl to $62.15/bl on Tuesday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices rose by $6/mt to $495/mt, at Rotterdam they advanced by $7/mt to $446/mt, at Fujairah they climbed by $6/mt to $484/mt, and at Houston they were little changed at $437.50/mt.
On Wednesday morning Brent crude futures were trading up by $0.54/bl from the previous session's close at $62.69/bl as of 7:05 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 | 495.00 | 6.00 | 591.50 | 8.00 |
| Rotterdam | 446.00 | 7.00 | 591.50 | 4.00 |
| Houston | 437.50 | 0.00 | 586.50 | 10.50 |
| Fujairah | 484.00 | 6.00 | 698.00 | 5.50 |
| Global 20 Ports Average | 515.00 | 1.50 | 692.50 | 2.00 |
| Global 4 Ports Average | 465.50 | 4.50 | 617.00 | 1.00 |
| Global Average Bunker Price | 558.50 | 1.00 | 744.00 | 4.50 |
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