World News
BUNKER PRICES: G20-VLSFO Index Advances to Two-Week High
Bunker prices mostly advanced at ports around the world on Tuesday, with global average VLSFO prices jumping to their highest level in almost two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1.50/mt to $532.50/mt on Tuesday, reaching its highest level since August 11.
The G20-HSFO Index slipped by $0.50/mt to $452.50/mt, while the G20-MGO Index climbed by $2/mt to $751.50/mt.
ICE Brent crude futures declined by $1.58/bl to $67.22/bl on Tuesday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices rose by $0.50/mt to $507.50/mt, at Rotterdam they climbed by $2.50/mt to $473.50/mt, at Fujairah they advanced by $3/mt to $506/mt, and at Houston they jumped by $1/mt to $492.50/mt.
On Wednesday morning Brent crude futures were trading up by $0.04/bl from the previous session's close at $67.26/bl as of 5:21 AM in London. In metric tonne terms that would be equivalent to a $0.30/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 507.50 | 0.50 | 657.50 | 0.50 |
| Rotterdam | 473.50 | 2.50 | 661.00 | 11.00 |
| Houston | 492.50 | 1.00 | 670.00 | 2.00 |
| Fujairah | 506.00 | 3.00 | 733.00 | 1.00 |
| Global 20 Ports Average | 532.50 | 1.50 | 751.50 | 2.00 |
| Global 4 Ports Average | 495.00 | 2.00 | 680.50 | 4.00 |
| Global Average Bunker Price | 573.00 | 2.50 | 797.50 | 2.00 |
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