World News
PRICES: Bunker Prices Advanced at Most Ports on Tuesday
Bunker fuel prices advanced slightly at most ports on Tuesday.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1.50/mt to $626/mt. The G20-HSFO Index gained $0.50/mt to $436/mt, while the G20-MGO Index lost $5.50/mt to $982.50/mt.
ICE Brent crude futures gained $0.45/bl to $80.10/bl.
VLSFO prices at the top ports were generally more negative on Tuesday. At Singapore prices slipped by $3.50/mt to $589.50/mt, at Rotterdam they advanced by $2/mt to $536.50/mt, at Fujairah they fell by $3/mt to $588.50/mt and at Houston they declined by $1/mt to $577/mt.
On Wednesday Brent futures were trading down by $0.45/bl at $79.65/bl as of 7:49 AM in London. In metric tonne terms that would amount to a $3.39/mt drop 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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