World News
BUNKER PRICES: G20-VLSFO Index Advances for Fifth Day
Bunker fuel prices advanced at most ports on Tuesday, with global average VLSFO prices climbing for a fifth consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $2/mt to $598/mt on Tuesday, remaining at the highest level since October 25.
The G20-HSFO Index was little changed at $505.50/mt, while the G20-MGO Index jumped by $1.50/mt to $758.50/mt.
ICE Brent crude futures rose by $0.45/bl to $75.53/bl on Tuesday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices gained $2.50/mt to $598.50/mt, at Rotterdam they advanced by $0.50/mt to $525/mt, at Fujairah they climbed by $3.50/mt to $586/mt, and at Houston they rose by $8.50/mt to $546.50/mt.
On Wednesday morning Brent futures were trading down by $1.85/bl from the previous session's close at $73.68/bl as of 6:13 AM in London. In metric tonne terms that would be equivalent to a $13.93/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 598.50 | 2.50 | 690.50 | 3.50 |
| Rotterdam | 525.00 | 0.50 | 685.50 | 2.50 |
| Houston | 546.50 | 8.50 | 676.50 | 8.00 |
| Fujairah | 586.00 | 3.50 | 765.00 | 5.50 |
| Global 20 Ports Average | 598.00 | 2.00 | 758.50 | 1.50 |
| Global 4 Ports Average | 564.00 | 3.50 | 704.50 | 2.00 |
| Global Average Bunker Price | 645.00 | 2.00 | 814.00 | 2.50 |
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