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 | 655.50 | 2.00 | 808.50 | 4.50 |
| Rotterdam | 619.00 | 0.00 | 789.00 | 8.00 |
| Houston | 628.50 | 7.50 | 812.50 | 1.50 |
| Fujairah | 653.50 | 4.50 | 900.00 | 2.50 |
| Global 20 Ports Average | 672.00 | 0.50 | 885.00 | 7.00 |
| Global 4 Ports Average | 639.00 | 2.50 | 827.50 | 2.00 |
| Global Average Bunker Price | 727.50 | 1.50 | 933.50 | 5.00 |
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