World News
BUNKER PRICES: G20-VLSFO Index Rises to One-Week High
Bunker prices advanced at ports around the world on Tuesday, with global average VLSFO prices climbing to the highest level in a week.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $1/mt to $524/mt on Tuesday, reaching its highest level since April 8.
The G20-HSFO Index jumped by $1/mt to $458.50/mt, while the G20-MGO Index advanced by $2.50/mt to $706.50/mt.
ICE Brent crude futures slipped by $0.21/bl to $64.67/bl on Tuesday.
VLSFO prices at the top four ports mostly followed a positive trend. At Singapore prices lost $0.50/mt to $494.50/mt, at Rotterdam they rose by $3.50/mt to $451/mt, at Fujairah they advanced by $0.50/mt to $491/mt, and at Houston they jumped by $2.50/mt to $471/mt.
On Wednesday morning Brent futures were trading down by $0.11/bl from the previous session's close at $64.56/bl as of 6:02 AM in London. In metric tonne terms that would be equivalent to an $0.83/mt fall on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 494.50 | 0.50 | 607.50 | 7.50 |
| Rotterdam | 451.00 | 3.50 | 611.50 | 4.00 |
| Houston | 471.00 | 2.50 | 628.00 | 1.00 |
| Fujairah | 491.00 | 0.50 | 719.50 | 1.50 |
| Global 20 Ports Average | 524.00 | 1.00 | 706.50 | 2.50 |
| Global 4 Ports Average | 477.00 | 1.50 | 641.50 | 3.50 |
| Global Average Bunker Price | 564.50 | 1.00 | 741.50 | 1.50 |
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