World News
BUNKER PRICES: G20-VLSFO Index Climbs for Third Consecutive Session
Bunker fuel prices continued to rise at most ports on Tuesday, with global average VLSFO prices climbing for a third consecutive session.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $8/mt to $674.50/mt on Tuesday, reaching the highest level since November 6. The G20-HSFO Index rose by $6/mt to $519.50/mt, while the G20-MGO Index jumped by $11.50/mt to $894.50/mt.
ICE Brent crude futures declined by $0.05/bl to $82.47/bl on Tuesday.
VLSFO prices at the top ports followed a positive trend. At Singapore prices rose by $12/mt to $694/mt, at Rotterdam they gained $6.50/mt to $587/mt, at Fujairah they advanced by $12/mt to $685.50/mt, and at Houston they climbed by $8/mt to $583.50/mt.
On Wednesday morning Brent crude futures were trading up by $0.23/bl at $82.70/bl as of 7:16 AM in London. In metric tonne terms that would be equivalent to a $1.73/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 611.00 | 1.50 | 730.00 | 7.00 |
| Rotterdam | 557.50 | 1.00 | 718.50 | 2.00 |
| Houston | 576.00 | 1.00 | 750.50 | 2.50 |
| Fujairah | 608.50 | 2.50 | 829.00 | 2.00 |
| Global 20 Ports Average | 624.50 | 2.50 | 817.50 | 3.00 |
| Global 4 Ports Average | 588.50 | 0.50 | 757.00 | 2.50 |
| Global Average Bunker Price | 678.50 | 3.50 | 883.50 | 2.00 |
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