World News
BUNKER PRICES: G20-VLSFO Index Advances to One-Week High
Bunker fuel prices continued to climb at most ports on Tuesday, with global average VLSFO prices rising to the highest level in almost a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $10.50/mt to $664.50/mt on Tuesday, reaching the highest level since October 4. The G20-HSFO Index gained $7/mt to $551/mt, while the G20-MGO Index advanced by $19/mt to $949.50/mt.
ICE Brent crude futures fell by $0.50/bl to $87.65/bl on Tuesday.
VLSFO prices at the top ports mostly followed a positive trend. At Singapore prices fell by $5/mt to $650/mt, at Rotterdam they advanced by $2.50/mt to $609/mt, at Fujairah they climbed by $4.50/mt to $639.50/mt, and at Houston they surged by $32/mt to $622.50/mt.
On Wednesday morning Brent crude futures were trading up by $0.30/bl at $87.95/bl as of 8:41 AM in London. In metric tonne terms that would be equivalent to a $2.26/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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