World News
BUNKER PRICES: G20-VLSFO Index Declines Despite Jump in Crude
Bunker prices mostly declined at ports around the world on Tuesday, with global average VLSFO prices paring the previous day's gains.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports fell by $0.50/mt to $531/mt on Tuesday, having gained $3.50/mt the previous day.
The G20-HSFO Index jumped by $5.50/mt to $462/mt, while the G20-MGO Index advanced by $2/mt to $710/mt.
ICE Brent crude futures climbed by $1.00/bl to $65.63/bl on Tuesday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices rose by $1/mt to $506/mt, at Rotterdam they advanced by $2.50/mt to $474.50/mt, at Fujairah they slipped by $2.50/mt to $496/mt, and at Houston they climbed by $6.50/mt to $474.50/mt.
On Wednesday morning Brent crude futures were trading down by $0.25/bl from the previous session's close at $65.38/bl as of 6:14 AM in London. In metric tonne terms that would be equivalent to a $1.88/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 512.50 | 1.00 | 615.00 | 5.50 |
| Rotterdam | 476.00 | 0.50 | 614.50 | 2.00 |
| Houston | 469.00 | 5.50 | 608.00 | 6.50 |
| Fujairah | 503.00 | 1.50 | 712.00 | 1.00 |
| Global 20 Ports Average | 534.00 | 0.50 | 711.50 | 2.50 |
| Global 4 Ports Average | 490.00 | 0.50 | 637.50 | 0.50 |
| Global Average Bunker Price | 572.00 | 1.00 | 758.50 | 4.50 |
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