World News
BUNKER PRICES: G20-VLSFO Index Rises to Five-Week High
Bunker fuel prices rose at most ports on Tuesday, with average global VLSFO prices climbing to the highest level in five weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $2/mt to $638.50/mt on Tuesday, reaching the highest level since March 8. The G20-HSFO Index rose by $3/mt to $521.50/mt, while the G20-MGO Index slipped by $4.50/mt to $882.50/mt.
ICE Brent crude futures gained $1.43/bl to $85.61/bl on Tuesday.
VLSFO prices at the top ports had a mixed trend. At Singapore prices rose by $7/mt to $617.50/mt, at Rotterdam they fell by $10.50/mt to $584.50/mt, at Fujairah they declined by $2.50/mt to $615.50/mt and at Houston they advanced by $4.50/mt to $617/mt.
On Wednesday morning Brent crude futures were trading up by $0.15/bl at $85.76/bl as of 10:16 AM in London. In metric tonne terms that would be equivalent to a $1.13/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 624.50 | 1.00 | 732.00 | 8.50 |
| Rotterdam | 571.00 | 3.00 | 758.00 | 16.50 |
| Houston | 591.50 | 4.00 | 760.00 | 5.50 |
| Fujairah | 629.00 | 0.50 | 877.50 | 3.00 |
| Global 20 Ports Average | 637.00 | 0.00 | 819.00 | 3.00 |
| Global 4 Ports Average | 604.00 | 0.00 | 782.00 | 5.50 |
| Global Average Bunker Price | 688.00 | 2.50 | 879.00 | 1.00 |
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