World News
BUNKER PRICES: Fujairah Leads Top Ports' VLSFO Gains on Tuesday
Bunker fuel prices advanced for a seventh consecutive session at most ports on Tuesday, with Fujairah seeing the sharpest gains of the top hubs.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $5.50/mt to $668.50/mt on Tuesday, remaining at the highest level since December 6. The G20-HSFO Index advanced by $4/mt to $456/mt, while the G20-MGO Index was unchanged at $1,031.50/mt.
ICE Brent crude futures gained $1.46/bl to $85.92/bl on Tuesday.
VLSFO prices at the top ports had a similar positive trend. At Singapore prices advanced by $9.50/mt to $648/mt, at Rotterdam they rose by $3.50/mt to $582/mt, at Fujairah they climbed by $12.50/mt to $646/mt and at Houston they slipped by $5.50/mt to $626.50/mt.
On Wednesday morning Brent futures were trading up by $1.19/bl at $87.11/bl as of 9:27 AM in London. In metric tonne terms that would amount to an $8.96/mt advance in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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