World News
BUNKER PRICES: G20-VLSFO Index Jumps to Two-Week High
Bunker fuel prices advanced at most ports on Tuesday, with global average VLSFO prices rising to the highest level in more than two weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $6/mt to $609/mt on Tuesday, reaching the highest level since September 6.
The G20-HSFO Index rose by $2.50/mt to $483/mt, while the G20-MGO Index rallied by $1.50/mt to $740/mt.
ICE Brent crude futures advanced by $1.27/bl to $75.17/bl on Tuesday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices gained $5.50/mt to $610/mt, at Rotterdam they rose by $8.50/mt to $535/mt, at Fujairah they jumped by $3.50/mt to $595/mt, and at Houston they advanced by $2/mt to $523/mt.
On Wednesday morning Brent futures were trading down by $0.26/bl from the previous session's close at $74.91/bl as of 7:04 AM in London. In metric tonne terms that would be equivalent to a $1.96/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 610.00 | 5.50 | 637.00 | 3.50 |
| Rotterdam | 535.00 | 8.50 | 636.50 | 4.00 |
| Houston | 523.00 | 2.00 | 653.00 | 3.00 |
| Fujairah | 595.00 | 3.50 | 789.00 | 7.50 |
| Global 20 Ports Average | 609.00 | 6.00 | 740.00 | 1.50 |
| Global 4 Ports Average | 566.00 | 5.00 | 679.00 | 4.50 |
| Global Average Bunker Price | 648.50 | 4.50 | 812.00 | 1.00 |
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