World News
BUNKER PRICES: G20-VLSFO Index Jumps for Third Day
Bunker prices mostly advanced at ports around the world on Tuesday, with global average VLSFO prices rising for a third consecutive trading session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1/mt to $534.50/mt on Tuesday, reaching its highest level since August 8.
The G20-HSFO Index rose by $3.50/mt to $447.50/mt, while the G20-MGO Index climbed by $3.50/mt to $751/mt.
ICE Brent crude futures advanced by $0.99/bl to $69.14/bl on Tuesday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices rose by $5.50/mt to $510.50/mt, at Rotterdam they advanced by $3/mt to $478.50/mt, at Fujairah they fell by $1/mt to $509/mt, and at Houston they slipped by $3.50/mt to $493.50/mt.
On Wednesday morning Brent crude futures were trading down by $0.18/bl from the previous session's close at $68.96/bl as of 6:08 AM in London. In metric tonne terms that would be equivalent to a $1.36/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 510.50 | 5.50 | 670.50 | 10.50 |
| Rotterdam | 478.50 | 3.00 | 664.00 | 5.50 |
| Houston | 493.50 | 3.50 | 661.00 | 1.50 |
| Fujairah | 509.00 | 1.00 | 736.50 | 2.50 |
| Global 20 Ports Average | 534.50 | 1.00 | 751.00 | 3.50 |
| Global 4 Ports Average | 498.00 | 1.00 | 683.00 | 4.50 |
| Global Average Bunker Price | 571.00 | 1.50 | 795.50 | 3.00 |
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