World News
BUNKER PRICES: G20-VLSFO Index Advances for Fifth Session
Bunker fuel prices advanced at most ports on Tuesday, with global average VLSFO prices climbing for a fifth consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $2/mt to $660/mt on Tuesday, remaining at the highest level since February 1. The G20-HSFO Index rose by $1/mt to $506/mt, while the G20-MGO Index advanced by $7/mt to $899.50/mt.
ICE Brent crude futures climbed by $0.77/bl to $82.77/bl on Tuesday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices rose by $10/mt to $652/mt, at Rotterdam they gained $5/mt to $580.50/mt, at Fujairah they fell by $4/mt to $627/mt, and at Houston they rallied by $2/mt to $639/mt.
On Wednesday morning Brent futures were trading up by $0.01/bl from the previous session's close at $82.78/bl as of 8:49 AM in London. In metric tonne terms that would be equivalent to a $0.07/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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