World News
BUNKER PRICES: G20-VLSFO Index Advances to Near Three-Week High
Bunker fuel prices climbed at most ports on Tuesday, with global average VLSFO prices advancing to the highest level in almost three weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $6/mt to $624/mt on Tuesday, reaching the highest level since May 30.
The G20-HSFO Index rose by $3.50/mt to $536/mt, while the G20-MGO Index advanced by $0.50/mt to $802.50/mt.
ICE Brent crude futures jumped by $1.08/bl to $85.33/bl on Tuesday.
VLSFO prices at the top ports followed a positive trend. At Singapore prices gained $6.50/mt to $606/mt, at Rotterdam they rose by $7/mt to $555/mt, at Fujairah they advanced by $5/mt to $606.50/mt, and at Houston they jumped by $8.50/mt to $586.50/mt.
On Wednesday morning Brent futures were trading down by $0.38/bl from the previous session's close at $84.95/bl as of 7:50 AM in London. In metric tonne terms that would be equivalent to a $2.86/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 579.00 | 12.50 | 633.00 | 0.00 |
| Rotterdam | 520.50 | 4.50 | 619.50 | 9.00 |
| Houston | 507.00 | 1.50 | 636.50 | 2.00 |
| Fujairah | 567.50 | 10.00 | 763.50 | 5.00 |
| Global 20 Ports Average | 591.00 | 6.50 | 726.00 | 2.50 |
| Global 4 Ports Average | 543.50 | 7.00 | 663.00 | 3.50 |
| Global Average Bunker Price | 635.50 | 8.00 | 803.50 | 2.50 |
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